Residents across the Mornington Peninsula and Frankston will see a range of financial and regulatory changes take effect from today, 1 July 2025, as part of national and state-wide reforms aimed at easing cost-of-living pressures and improving public safety.
Minimum Wage and Superannuation Increases
The national minimum wage has increased by 3.5%, now sitting at $24.95 per hour or $948 per week for full-time workers. This change is expected to benefit over 2.6 million workers, including many in local retail, hospitality, and care sectors.
In addition, the superannuation guarantee has risen from 11.5% to 12%, marking the final step in annual increases that began in 2021. This adjustment will apply to all eligible employees across the Mornington Peninsula and Frankston.
Centrelink Payment Adjustments
Around 2.4 million Australians will see a 2.4% indexation increase in Centrelink payments, covering the Age Pension, JobSeeker, Parenting Payment and Family Tax Benefits.
For example, Family Tax Benefit Part A has increased to $227.36 per fortnight for children under 13, and $295.82 for those aged 13 to 19 still at school. Income and asset thresholds have also risen: single homeowners can now hold up to $321,500, while the limit for couples has increased to $481,500, potentially opening access to more local families.
Extended Paid Parental Leave and Super on Leave
Paid Parental Leave has been extended from 110 to 120 days (around 24 weeks) for parents of children born or adopted from today onwards, with a further increase to 26 weeks by July 2026.
For the first time, superannuation contributions will also be paid on government-funded Paid Parental Leave, aiming to improve long-term financial outcomes for new parents.
New Road Safety Rules in Victoria
Victorian drivers must now slow to 40 km/h when passing stationary or slow-moving emergency and roadside assistance vehicles displaying flashing lights, including tow trucks. Failure to comply could result in fines up to $961.
In addition, new AI-powered cameras are being deployed across Victoria to detect mobile phone use while driving. Offenders risk fines of up to $1,209 and the loss of five demerit points.
Check How These Changes Affect You
Residents across the Mornington Peninsula and Frankston are encouraged to review these updates to understand how they may be impacted and to ensure they comply with the new regulations.
