As the new year begins, several legislative changes have become effective, impacting Australians nationwide. These changes include updates to Australian passport fees, Centrelink payments boost, aged care pay rises, and more. Here’s what you need to know to stay informed.
Centrelink Payments Boost for Young Australians
A range of Centrelink payments has increased from January 1, offering financial relief to eligible Australians. This adjustment aligns with inflation, benefitting young Australians receiving payments such as Youth Allowance, Austudy, Abstudy, and the Disability Support Pension for under-21s without dependent children.
For example, the Maximum Basic Rate for someone aged 18 or older, with no children and living away from home rises by $24.30 per fortnight. This increase ensures support payments keep pace with the cost of living.
Income tests have also adjusted, allowing recipients to earn more while still qualifying for the maximum payment. This Centrelink payments boost will help young Australians manage living expenses in 2025.
For detailed breakdowns, refer to the Department of Social Services website.
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Australian Passport Fees Rise Again
Australian passport fees have increased to reflect inflation, keeping the nation’s passports among the world’s most expensive. A 10-year adult passport now costs $412, up from $398. For children, a five-year passport costs $208, up from $201.
Replacement passports have also risen to $259, up from $250. These increases, effective from January 1, highlight the importance of planning ahead for travel-related expenses.
Pay Increases for Aged Care Workers
Aged care workers have received a pay rise starting January 1. The increase applies to employees under the Aged Care Award, the SCHADS Award, and the Nurses Award.
Nursing assistants, general care workers, and aged care employees will see a pay bump based on their specific award. However, pay increases vary, and some workers will receive the rise in two stages, with the second instalment due in October.
To calculate exact increases, use the Fair Work Ombudsman’s pay guides or online pay and conditions tool.
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New Criminal Penalties for Underpaying Employees
From January 1, underpaying employees deliberately is now a criminal offence. Companies face penalties of up to $8.25 million or three times the amount of the underpayment, whichever is higher.
Individuals could face up to 10 years in prison or fines of up to $1.65 million. These penalties aim to deter wage theft and ensure fair treatment of employees.
According to the Fair Work Ombudsman, “honest mistakes are not considered criminal offences.” For more details, visit their website.
PBS Medicine Costs Frozen
Prices for medicines listed on the Pharmaceutical Benefits Scheme (PBS) remain frozen for 2025, offering financial relief to Australians. The maximum co-payment for PBS medicines stays at $7.70 for concession card holders for up to five years.
Non-concession holders also benefit from a one-year freeze, keeping their maximum co-payment at $31.60. This move, announced in the 2024 federal budget, supports affordable healthcare across Australia.
Mandatory Climate Reporting for Big Emitters
Large companies and major carbon emitters must report climate-related risks and opportunities starting this year. Companies meeting the following criteria are affected:
- Consolidated revenue of $500 million or more
- Consolidated gross assets of over $1 billion
- More than 500 employees
While these companies will report annually, their first disclosures are due later in the year. This initiative supports Australia’s climate goals and increases corporate accountability.
Vehicle Efficiency Standards for New Cars
New car manufacturers now face vehicle efficiency standards aimed at reducing carbon emissions. From January 1, manufacturers must meet set carbon dioxide targets for their vehicles.
If they exceed these targets, they must either trade credits with other suppliers or generate their own credits by selling more fuel-efficient cars. This system encourages manufacturers to prioritise sustainable transportation.
Engineered Stone Ban Finalised
Importation of engineered stone, often used in kitchen benchtops, is now illegal. This follows a prior ban on its manufacture, supply, and installation.
The government implemented this measure to prevent silicosis, a deadly lung disease linked to the material’s high silica content. Most engineered stone used in Australia was previously imported, making this final ban a significant step toward worker safety.
Changes to Medicare Safety Net
The Medicare safety net thresholds have risen for 2025. The original safety net now stands at $576, up from $560. For concession card holders, the extended safety net increased to $834, while non-concession holders face a threshold of $2615.
These changes affect how much individuals and families pay before receiving increased subsidies under Medicare.
Victorian Short-Stay Levy Introduced
Victorian property owners offering accommodation for less than 28 consecutive days must now pay a 7.5 per cent levy on booking fees. This includes cleaning fees and GST but excludes rentals of principal residences.
For more information, visit the Victorian State Revenue Office website.
Looking Ahead: 2025 Federal Election and Mid-Year Changes
Australia enters an election year in 2025, with federal polls scheduled later in the year. Key legislative changes will also come into effect mid-year, including:
- Superannuation guarantee increase: Rising from 11.5% to 12% from July 1.
- Alcohol excise re-indexation: Starting February 3, potentially increasing alcohol prices.
- Reserve Bank dual-board structure: Commences in March, introducing new voices to interest rate decisions.
Stay Informed About Key Changes
These updates reflect Australia’s ongoing commitment to addressing wage theft, supporting aged care workers, and enhancing sustainability. By understanding these changes, Australians can better navigate the new year and benefit from initiatives like the Centrelink payments boost and frozen PBS medicine costs.
Stay informed and plan ahead to adapt seamlessly to 2025’s legislative changes.