Welcome to the first day of a new financial year !
Let us have a look at what the balance sheet offers !
Electricity and gas will cost 13% more from today - and water will increase by 7%. When car registration comes round, expect to contribute somewhere between $5 and $ 30 for this new motor vehicle weight tax - and traffic fines will also increase by an amount to be announced. Council rates will also increase, depending on where you live.
And now for the good news ! The third round of tax cuts will cut in today - and low income wage earners will make a saving - of just three dollars a week !
Many people will hoard this largess to pay for all the price increases, but some will be less thrifty and blow the lot.
If they are careful and shop around they may find a cheap cafe somewhere offering a cup of coffee - once a week - in exchange for that three dollars.
But don't look for a sandwich or piece of cake to go with it !
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