As the ongoing cost of living crisis continues to affect hard-working Aussies, a series of changes set to be introduced by the government will ease the financial burden for a few select groups.
As the new financial year begins on July 1st, a 15 per cent pay rise for aged care workers, cheaper childcare and changes to paid parental leave will come into effect.
The policies promised in the last federal budget will come into effect, including electricity bill relief for some households and a small business incentive to help eligible companies become more energy efficient.
Five million households will be eligible for up to $500 in power price relief while one million small businesses will be able to access up to $650.
As well as this, eligibility for the first home guarantee and regional first home guarantee will now include any two borrowers beyond married and de facto couples.
It will also apply to non-first home buyers who have not owned a property in Australia in the previous 10 years.
Treasurer Jim Chalmers said the new measures are designed the help Aussies who are doing it tough.
“The suite of policies which will start to roll out from Saturday, will make a real difference in the lives of millions of hardworking Australians while delivering an economic dividend and laying the foundations for future growth,” he said.
“Key policies like energy price relief will directly reduce inflation, while others like cheaper childcare and enhanced paid parental leave will boost the capacity of our economy.”
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This article first appeared on Over60.