Tag: financial

New financial year, new rules and how the changes affect your wallet | Australia news LIVE: Pay r…

Explore the latest developments concerning New financial year,.

New financial year, new rules and how the changes affect your wallet

A tweak to the lowest taxation rate will leave most workers slightly better off. (ABC News: Sharon Gordon)

Today marks the beginning of a new financial year, with a host of new rules coming into effect.

Tap the boxes below to find out how these changes could impact you.

The federal government is cutting the tax rate on income between $18,201 and $45,000 from 16 per cent to 15 per cent from today.

The tax brackets will remain the same, but the rates will now look like this:

The above rates do not include the Medicare levy of 2 per cent.

This will benefit everyone earning more than $18,201, not just people in the tax bracket between $18,201 and $45,000.

Australia news LIVE: Pay rise kicks in, Iran negotiations planned

This masthead’s chief political commentator James Massola has won press gallery journalist of the year for his insightful analysis of the internal machinations within both the Labor and Liberal parties.

You can read an example of Massola’s typical insightful journalism here in this cogent analysis of how the new right was reshaping the federal Liberal Party and modern politics.

This follows political correspondent Natassia Chrysanthos winning the award for young press gallery journalist of the year last week.

And with that happy news for all of us here, we bring tonight’s live coverage to a close. We will be back tomorrow morning to continue our live coverage.

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The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

For more detailed information, explore updates concerning New financial year,.

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July 2, 2026
New financial year, new rules and how today’s changes affect your wallet | Australia news LIVE: P…

Explore the latest developments concerning New financial year,.

New financial year, new rules and how today's changes affect your wallet

A tweak to the lowest taxation rate will leave most workers slightly better off. (ABC News: Sharon Gordon)

Today marks the beginning of a new financial year, with a host of new rules coming into effect.

Tap the boxes below to find out how these changes could impact you.

The federal government is cutting the tax rate on income between $18,201 and $45,000 from 16 per cent to 15 per cent from today.

The tax brackets will remain the same, but the rates will now look like this:

The above rates do not include the Medicare levy of 2 per cent.

This will benefit everyone earning more than $18,201, not just people in the tax bracket between $18,201 and $45,000.

Australia news LIVE: Pay rise kicks in, Iran negotiations planned

This masthead’s chief political commentator James Massola has won press gallery journalist of the year for his insightful analysis of the internal machinations within both the Labor and Liberal parties.

You can read an example of Massola’s typical insightful journalism here in this cogent analysis of how the new right was reshaping the federal Liberal Party and modern politics.

This follows political correspondent Natassia Chrysanthos winning the award for young press gallery journalist of the year last week.

And with that happy news for all of us here, we bring tonight’s live coverage to a close.

Less than 24 hours ago, the Coalition and the Greens teamed up to kick Labor’s lukewarm gambling ad crackdown to another committee.

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1 July changes: minimum wage rises, payday super, parental leave tweaks and everything else coming for 2026–27

New financial year will also see a tax cut, more anti-price-gouging measures and SMS sender ID changes designed to protect against scam texts

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A bump to minimum wage, a change to how often superannuation is paid and more paid parental leave days are among the changes coming into effect on 1 July.

The end of financial year is typically when state and federal governments introduce a range of new policies. So whatâs new and who will be affected?

About 2.8 million Australians on award and minimum wages will get a pay increase of 4.75%. The lowest-paid workers â about 100,000 people who are on minimum pay and entry-level rates â will receive a 5.97% bump.

For more detailed information, explore updates concerning New financial year,.

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July 2, 2026
International students face a double financial blow | Foreign dropout: Hanson’s blunt message f…

Explore the latest developments concerning International students face.

International students face a double financial blow

Jolie Cao says she works two casual jobs to help fund her life in Australia. (ABC News: Sally Brooks)

When Jolie Cao chose to do her undergraduate university degree in Australia, she knew it would be expensive.

So she saved up for her move to Melbourne in 2024, and now works two casual jobs while studying full-time at RMIT University.

Even though her parents in Vietnam help cover some of the costs, including paying tuition fees for her Bachelor of Design (Digital Media) degree, she has been facing growing cost-of-living pressures this year.

The weakening of the Vietnamese dong against the Australian dollar over the past five months, combined with rising inflation here, means she is looking to take on more shifts to make ends meet.

International students again in the spotlight as One Nation announces new policy

International students who drop out of their courses would be barred from appealing to the Australian Review Tribunal and required to leave Australia before applying for further study under a new policy announced by One Nation.

The proposal, announced by One Nation leader Senator Pauline Hanson, is aimed at what the party describes as widespread abuse of student visas through course-hopping, bridging visas and protection visa applications.

In a media release issued this week, Hanson argued that some international students had “no intention to study” and were instead using the visa system to remain in Australia for work and economic opportunities.

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The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

For more detailed information, explore updates concerning International students face.

For more news…

June 12, 2026
UN risks ‘imminent financial collapse’, secretary general warns | UN put itself on brink of colla…

Explore the latest developments concerning UN risks 'imminent.

UN risks 'imminent financial collapse', secretary general warns

The United Nations is at risk of "imminent financial collapse" due to member states not paying their fees, the body's head has warned.

António Guterres said the UN faced a financial crisis which was "deepening, threatening programme delivery", and that money could run out by July.

He wrote in a letter to all 193 member states that they had to honour their mandatory payments or overhaul the organisation's financial rules to avoid collapse.

It comes after the UN's largest contributor, the US, refused to contribute to its regular and peacekeeping budgets, and withdrew from several agencies it called a "waste of taxpayer dollars". Several other members are in arrears or are simply refusing to pay.

Guterres warns of UN’s ‘imminent financial collapse’

The UN chief has told member states that the organization is at risk of â€œimminent financial collapse,â€ citing unpaid fees and a budget rule that forces the global body to return unspent money, a letter seen by Reuters on Friday showed.

UN Secretary-General Antonio Guterres has repeatedly spoken about the organizationâ€™s worsening liquidity crisis but this is his starkest warning yet, and it comes as its main contributor the United States is retreating from multilateralism on numerous fronts.

â€œThe crisis is deepening, threatening programme delivery and risking financial collapse. And the situation will deteriorate further in the near future,â€ Guterres wrote in a letter to ambassadors dated January 28.

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The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

For more detailed information, explore updates concerning UN risks 'imminent.

For more news…

February 1, 2026
UN risks ‘imminent financial collapse’, secretary general warns | Guterres warns UN faces ‘immi…

Explore the latest developments concerning UN risks 'imminent.

UN risks 'imminent financial collapse', secretary general warns

The United Nations is at risk of "imminent financial collapse" due to member states not paying their fees, the body's head has warned.

António Guterres said the UN faced a financial crisis which was "deepening, threatening programme delivery", and that money could run out by July.

He wrote in a letter to all 193 member states that they had to honour their mandatory payments or overhaul the organisation's financial rules to avoid collapse.

It comes after the UN's largest contributor, the US, refused to contribute to its regular and peacekeeping budgets, and withdrew from several agencies it called a "waste of taxpayer dollars". Several other members are in arrears or are simply refusing to pay.

Guterres warns UN faces ‘imminent financial collapse’

UN chief Antonio Guterres calls on member states to address unpaid dues and overhaul world body’s financial rules.

UN Secretary-General Antonio Guterres has warned that the United Nations faces “imminent financial collapse” amid unpaid annual dues and other issues.

Al Jazeera on Friday reviewed a letter Guterres sent to all UN member states earlier this week, warning them that the global body faced a grave financial crisis.

The letter urged member states to agree to overhaul the UN’s financial rules or accept “the very real prospect of the financial collapse of our Organization” and called on them to pay their annual dues.

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UN facing 'imminent financial collapse'

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The United Nations chief is warning the world body faces "imminent financial collapse" unless its financial rules are overhauled or all 193 member nations pay their dues – a message likely directed at the United States and the billions it owes.

Secretary-General Antonio Guterres said in a letter to all UN member nations obtained on Friday by The Associated Press that cash for its regular operating budget could run out by July, which could dramatically affect its operations.

For more detailed information, explore updates concerning UN risks 'imminent.

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January 31, 2026