It is halfway through June and will come soon in July.
This also means that a new fiscal year in Australia is about to begin.
Every July 1, Australia has a big wave of New deal attacks, and this year is no exception.
Whether you are an international student or an office worker, there is always one of these new policies that will affect you, so learn about it.
Xiao Wei summed up 13 good news and 11 bad news. Let's have a look.
hot wire
1. Victoria reopens solar subsidy application
Last August, Victoria government allocated A $1.24 billion to launch a solar panel subsidy scheme, (Solar Panel Rebate).
To put it simply, government paid half the money to help Virginia families install a rooftop solar panel.
Based on a medium-sized 4kW solar system, the cost is about $4450 and the government subsidy is $2225.
After installation, it is expected to save $890 a year in electricity bills.
The application is now closed, but will be reopened from July 1 this year.
Applications were submitted before that and government will continue to process them after July 1.
If an application has not yet been submitted, an application may be made after July 1.
Application site: https://www.solar.vic.gov.au
Eligibility requirements:
- The value of house should be less than A $3 million;
- House is used for self-housing;
- Homeowners earn less than A $180000 a year.
In addition, (solar hot water rebate), a subsidy for solar hot water systems in government, Victoria, continues.
The project is an government subsidy of up to $1000 to help Virginia residents replace their old hot water systems with solar energy.
After the replacement, it is expected that each household will save $160 / 400 in electricity bills per year.
Eligibility requirements:
- Live in Victoria.
- The house at home lives on his own.
- House value does not exceed $3 million
- The total annual income of the couple is not more than$180,000.
- The current hot water system at home has been over 3 years(from the date of purchase).
If you meet the above requirements, you can now apply to government, Victoria, for this $1000 subsidy.
Application site: https://www.solar.vic.gov.au/Solar-rebates/Solar-Hot-Water-Rebate
It is important to remind you that solar panel subsidies and solar hot water system subsidies can only enjoy one.
two. Increase in health insurance claims in Australia
From July 1 this year, Australia's government will end the freeze on (Medicare rebate), the reimbursement limit for health care claims.
This means that when we go to see GP in the future, we can get more refund and pay less.
Explain to you what's going on:
Australia has a list of universal health care charges (Medicare Benefits Schedule), lists all the medical treatment items for which government provides health insurance claims.
Each project has a predetermined fee (scheduled fee).
Reservation expenses-Medicare reimbursement = money we spend ourselves.
For example, for a regular doctor's consultation, the reservation fee is $75, the health insurance reimbursement is $37.6, and the remaining $37.4 is for us to pay for ourselves.
The scheduled cost originally increased as Australia's salary rose every year, but government froze in 2013.
In other words, no matter how price salary rises, reservation fees and health insurance reimbursements are fixed every year.
But the cost of a doctor's treatment is on the rise, and the doctor, of course, does not assume that the cost is up, so it becomes the end, and the part of the patient's own money is getting higher and higher.
Now that government has lifted the freeze, that means that Medicare reimbursements will increase proportionately every year in the future, and we will pay less ourselves.
3. Tax reduction
As of July 1, Australia's tax cut for middle-and low-income earners will double on the basis of last year's.
If the annual income is less than $37000, the maximum tax reduction will be $25. 5.
For those with an annual income of $37001 / 47999, the tax reduction is $255x / 1080. compared with last year, the tax reduction is $255x / 1080. the annual income is $37001 / 47999.
For those with an annual income of $48000-$90000, the tax reduction is $1080 compared with last year.
If the annual income is $90001-$126000, the tax reduction will be $1,080.
In addition, companies that can enjoy the immediate asset deduction policy used to be small businesses with annual turnover of less than A $10 million.
From July 1 this year, it has expanded to medium-sized enterprises with annual turnover of less than A $50 million.
However, the tax cut has not yet been formally approved on the parliament, I do not know if there will be variables.
4. Australian minimum salary up-regulated
From July 1 this year, Australia's national minimum salary standard will be raised by 3%.
After the adjustment, the minimum sales will increase to $19.49 per hour.
That is, the minimum salary per week for full-time employees is A $740.80.
5. Australian Federal Reserve cut interest rate
This is not the New deal in July, but it has an impact on everyone's life, so be sure to tell you.
The Australian Federal Reserve announced in early June that it would cut interest rates to an all-time low: 125%.
Several big banks subsequently announced a follow-up decision to cut interest rates by the Australian Federal Reserve, although each had a different sincerity.
ANZ announced a 0.18 percent cut in customers' floating loan rates starting on June 14.
CBA Federal Bank announced a 0.25 percent cut in customers' floating loan rates from June 25.
NAB also announced a 0.25 percent cut in clients' floating loan rates from June 14.
Westpac Pacific Bank announced a 0.2 percent cut in most floating loan rates from June 18, but a 0.35 percent cut in interest-only loans. The bank also offers a minimum five-year fixed interest rate of 3.49 per cent for first-time home buyers.
The Raton also helped the people, with a total of 400,000 mortgage loans and a 30-year principal and interest, which would probably save so much each year:
In addition to the big banks, other small lenders are also weak, including Antenna, RACQ and ReduceHome Loans, which will cut the customer interest rate by 0.25%.
But this is not good news for savers and those who retire at their own expense and want to increase interest on their savings.
6. Australia launches open bank
From July 1 this year, Australia will officially launch the "open bank" (open banking), four banks to carry out the first pilot.
The so-called "open bank" is to liberalize bank data so that we can view our financial data at banks and other financial institutions.
This is very good news for everyone!
Because at present, it is difficult for us to check our complete financial data, and banks will not send our data to other banks.
Without these data, we want to find a more suitable financial or loan products, while consuming time and money.
But with open banks, everything is different.
We can use these data to find the most suitable financial products for us.
This bank is not suitable. We'll change it to another bank at once.
And we can use this data to bargain with the bank to get a better deal..
In this way, the competition between banks will also be more fierce, and perhaps services will also improve.
7. Victoria forbids throwing electronic waste into landfills
With effect from 1 July this year, the state will ban the landfill of electronic waste.
This means that from July 1, people can no longer throw e-waste into any trash can by the side of the road, but put it in a special place to recycle e-waste.
Log on to the website and enter your zip code number to find the nearest e-waste collection point to your home.
https://recyclingnearyou.com.au/electrical
Log in to find the electronic garbage collection point of nearby council.
https://www.sustainability.vic.gov.au/You-and-your-home/Waste-and-recycling/Council-waste-and-recycling-services
E-waste includes TV, computers, mobile phones, kitchen appliances, white appliances, etc., which basically have batteries or need to plug in electricity, all of which are covered by TV, computers, mobile phones, kitchen appliances, white appliances and so on.
These electronics contain many environmentally harmful substances, as well as recyclable substances.
Therefore, it is forbidden to throw e-waste directly into landfills, which can not only protect the environment, but also turn waste into treasure and save resources.
8. Students in Victoria Public School look at their teeth free of charge
Starting in the new fiscal year, Victoria government will allocate A $322 million to see its teeth free of charge for all Virginia public schools, including primary and secondary schools.
Students in private and church schools are not among the free.
This service, in addition to dental beauty and dental correction does not cover, other common dental problems such as dental examination, tooth washing, tooth filling, tooth extraction, dental fluoride, tooth root canal therapy and so on, all include, all are free!
To make matters better, this free service begins with Box Hill, Melbourne's Chinese district!
Starting from the third semester of this year, government's dental team will first visit public schools in Box Hill,Barwon South,Cranbourne and Wodonga, Melbourne, to see their teeth free of charge for students in these areas.
In the next three years, a tooth-watching team of 250 vans will also visit primary and secondary schools in other parts of Victoria.
9. The electricity bill in Victoria is down.
From July 1 this year, Victoria government will introduce a "default electricity price" (Victorian Default Offer).
This "default price" will specify how the standard electricity price (standing offer) scheme will be charged.
All Virginia residents who use the standard electricity scheme can switch to this default price.
After the transfer, Virginia residents can save up to $560 a year in electricity bills.
10. The conditions for signing work holidays in Australia are relaxed and the time is extended.
At present, working vacation tickets can only stay in Australia for 12 months.
But from July 1 this year, backpackers can apply for a third year of work leave if they go to work in remote areas where there is a shortage of labour and complete six months of designated work the following year.
It is equivalent to living in Australia for three consecutive years.
In addition, the work vacation signature provided that the backpacker should not work for the same employer for more than six months, but since November 5, the backpacker could work for the same employer for one year.
And since Nov. 5 last year, holders of 462 working vacation tickets have been working on farms in any state for 88 days and can apply for a second-year holiday visa.
11. Implementation of the euthanasia Act in Victoria
This is not starting on July 1 this year, but it is very important, so I said it here.
On November 29, 2017, Virginia's euthanasia bill was formally passed.
Victoria has also become the only place in Australia where legal euthanasia can be found.
This bill came into force on June 19 this year!
In the future, those who suffer from incurable diseases that cause unbearable suffering and who live less than six months (or neurodegenerative diseases, less than 12 months) will be eligible for euthanasia.
If they can't live happily, it's also progress that they can leave with dignity and dignity.
12. Establishment of a pet registry in Vizhou
From July 1 this year, Victoria will set up an online pet register.
All cats for sale or about to be sold / transferred must be registered to obtain a unique source number (source number).
This number shows the cat, the former owner of the dog, the keeper, the merchant, or the pet shelter that has been stayed.
Moreover, all advertisements selling cats and dogs must contain a valid microchip number (microchip number) and the source number in the pet register, otherwise it is illegal.
In the future, we can check this register to see where the pets come from, whether the sellers are legal and so on, so that we can rest assured.
13. Support for Uygur students with mental health problems
Australian Prime Minister Morrison recently announced that he will allocate A $2.8 million to provide additional support to Victorian students suffering from mental health problems.
Batyr Australia, a mental health agency, will use the money to walk into classes at schools in Victoria to teach students about mental health and carry out mental health activities.
Job's news
1. The rise of the Australian visa fee
In this year's budget, Australia's government plans to increase the application fee for all Australian visa categories (with the exception of the 600 subcategories) by 5.4 percent with effect from July 1 this year.
According to this:
- Student signature: $575 to $606;
- Temporary visa for graduates: $1535 to $1618;
- Technical immigration signature:$3755 to$3958;
- Spouse visa: $7160 to $7547;
- employer guarantee visa (TSS-STOL): $1175 to $1238;
- Employer guarantee visa (TSS-MLTSSL): $2455 to $2587;
- Employer guarantee Immigration Visa (ENS/RSMS): $3755 to $3958;
- Business Immigration Visa-Entrepreneur: $3755 to $3958;
- Business immigrants-important investor visas: $7310 to $7705
two. Increase in taxes and fees for overseas investors in Victoria
Starting July 1 this year, Victoria will raise the tax rate on overseas investors to 8 percent from 7 percent, the same as the new state tax rate.
In addition, the Victoria land idle tax, paid by absent landowners, will also be raised from 1.5% to 2%.
For land adjacent to private homes but not built, tax exemptions that have been enjoyed will be cancelled to prevent land mergers.
3. Victoria "luxury car tax" launched
From July 1 this year, Virginia luxury car owners will pay the "luxury car tax" as a new tax.
Owners with a market capitalization of $100000 to $150000 pay a "luxury car tax" of 7 per cent;
Owners with a market capitalization of more than $150000 pay a 9 per cent luxury car tax.
However, if the owner is driving an energy-efficient car, or if the car belongs to a farm or basic processing plant, you do not have to pay this tax.
4. Increase in land transfer fees in Victoria
From July 1 this year, Victoria will raise land transfer fees.
After the increase, the fee rates are as follows:
Specifically, you can log on to the Victoria government website to view:
https://www.propertyandlandtitles.vic.gov.au/forms-guides-and-fees/fees
5. Australia plans to cancel out-of-house VAT exemption for overseas residents
If you sell a house in Australia at a higher price than you did when you bought it, you make money from it, then you have to pay real estate VAT.
But in the past, whether you were an overseas buyer or a local resident, you were generally exempt from real estate VAT as long as you lived on your own.
However, the Australian government revised the exemption policy in its 2017 fiscal case:
In the future, only Australian tax residents can continue to enjoy this exemption policy, non-Australian tax residents must pay real estate VAT in full.
The bill has now been submitted to the Federal government Senate.
If passed by the Senate, the new law will come into effect on July 1 this year!
After implementation:
- The value-added tax is not required if sold before 1 July 2017 and the value-added tax is required if it is sold on 1 July 2017.
- Real estate, purchased after May 9, 2017 is subject to VAT whenever it is sold.
Australian tax residents:
- Has been living in Australia;
- Emigrate to Australia and live permanently in Australia;
- For the time being, leave Australia has not settled permanently in other countries;
- Overseas students have registered for more than six months in Australia;
Live in Australia for more than six months in a row, and most of the time work in the same place and live in the same place;
Australian non-tax residents:
- Chinese buyers living abroad
- Chinese buyers who have taken Australian PR or even nationality but have lived abroad all the year round
- Citizen, Australia, which was born and raised but does not live in Australia.
6. Australia forces new immigrants to "go to the countryside"
In october, australia's government announced that it would force some new immigrants to settle in remote areas.
In a recent interview, minister Alan Tudge, an Australian population, revealed for the first time five key areas where new immigrants "go to the countryside."
These are:
- Southwest Victoria
- Adelaide [女子名] 来源于日耳曼语, 含义是"高贵的+世系"(noble+kind) 昵称&L[Ada]
- South Australia rural area
- Far north of Kunzhou (far-north Queensland)
- Kalgoorlie-Boulder
Media reports say the new administration is expected to take effect on July 1.
As for which new immigrants need to go to the countryside, government said as early as last year, mainly forcing skilled immigrants to remote areas.
Family reunion visas and new immigrants to the company guarantee will not be affected.
7. Further reductions in overtime in Australia
From July 1 this year, Sunday overtime pay for Australian retail, catering, hotel and pharmacy staff will be further reduced from last year's level.
The details are as follows:
- Retail full-time / part-time employees: 180 per cent to 165 per cent;
- Temporary workers: 185 per cent to 175 per cent;
- Full-time / part-time employees in pharmacies: 180 per cent to 165 per cent;
- Temporary workers: 205 per cent to 190 per cent;
- Full-time / part-time employees in the fast food industry: 135% to 125%;
- Temporary workers: 160 per cent to 150 per cent;
- Hotel full-time / part-time staff: 160% to 150%;
- Temporary worker: no change.
Joanne Schofield, head of union United Voice, said hotel employees would lose as much as $2000 a year after the overtime pay fell further.
8. Australian politicians get a raise
From July 1 this year, Australia's federal parliament councillor will receive a 2 per cent raise.
Among them, Prime Minister Morrison will receive an annual raise of $11000 on top of his original salary of $538460.
Opposition party leader Anthony Albanese's annual income will rise to about $390000.
Councillor and senator in the back seat will earn $207000 a year in the current fiscal year, and their salaries will rise to more than $211000 in the new fiscal year.
9. Australia lists tobacco products as "prohibited from import"
Since July 1 this year, Australia has listed most tobacco products as "prohibited", including cigarettes and molasses tobacco (molasses tobacco), tobacco.
This means that, as an importer, if you want to import cigarettes to Australia in the future, you must obtain a license in advance and pay taxes in accordance with the law.
However, you can rest assured that individuals who bring tobacco products into Australia will not be affected by this new rule.
But also note that individuals bring tobacco into the country, no matter how much, need to declare.
According to Australian customs regulations, adults over the age of 18 are allowed to carry them duty-free
- A pack of unopened cigarettes should not exceed 25 cigarettes (equivalent to 25 grams), and
- A pack of unpacked cigarettes.
If there is too much, then all cigarettes, not just excess parts, have to be taxed.
As for how much tax to pay, a friend who recently returned to Melbourne paid about $180 in taxes because he brought too many cigarettes.
This figure is for your reference. If you bring cigarettes to Australia, you must consider them first.
In addition, adults over the age of 18 can carry up to 1.5 kilograms of self-used smokeless tobacco (chewing tobacco, etc.), but more than 25 grams of tobacco must be taxed.
10. Lower threshold for repayment of higher Education loan in Australia
With effect from July 1 this year, the repayment threshold for Australian higher education loan (HELP) will be reduced to $45881 from last year's pre-tax annual salary of $51957.
In other words, when your pre-tax income reaches $45881, you will have to start repaying your student loan.
The proportion is as follows:
- An annual salary of $45881 to 52,973: 1 per cent of taxable income must be used to repay the loan;
- An annual salary of $52974 or 56, 151: 2 per cent of taxable income must be used to repay the loan;
- Annual salary $56152 521: 2.5% of taxable income must be used to repay the loan;
- Annual salary of $59,522-$63,092:3 per cent of the taxable income must be used for repayment;
- And so on.
Lowering the repayment threshold could add A $345.7 million a year to Australian government.
11. New Government of Australia.
Many Australians do not know that the pension account contains a default life insurance.
But since July 1, the 16-month pension account has been shut down, and its default life insurance will expire.
This means that some Australians who have been unemployed for a long time-such as parents on maternity leave, or those who are bosses but do not pay for their pension accounts-may lose the insurance.
So please check your pension account in time.
On the whole, this is the case every year, with more news of price increases and less news of price cuts.
According to past practice, after July 1, electricity charges, gas fees, fishing license fees and other fee increases will follow one after another.
In short, from next month, we may be poorer.