JULY 1 marks the start of the new financial year in Australia and as always there will be a raft of changes in place. For Victorians, there are a number of new changes - and some delays which have been caused by COVID-19 - that you should be aware of.
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WORKPLACE MANSLAUGHTER
Victoria's new workplace manslaughter will come into law.
It means there will be much tougher penalties for negligently causing a fatality in the workplace.
These include fines of up to $16.5 million and up to 20 years in jail for individuals found to be directly responsible for the death of a worker.
To date 25 people have died already in 2020 from a workplace incident.
RENTAL LAW DELAY
New tenancy rules that were due to start in Victoria on July 1 will now be pushed back to January 1, 2021 due to the coronavirus pandemic.
As a result, the Residential Tenancies Amendment Act 2018 will be delayed until the new year.
The state government has replicated a small number of provisions from the Residential Tenancies Amendment Act 2018 into the new laws addressing the moratorium on evictions for non-payment of rent due to COVID-19.
These provisions relate to family violence and rental agreements.
Consumer Affairs Victoria will oversee the new laws, including further consultation to develop regulations and guidelines.
LICENCE AND REGISTRATIONS
There will be no increases in price for the renewing of vehicle licences or registration in the new financial year.
PARENTAL LEAVE PAY
Parental leave pay changes are aimed to give families more choice about how they can balance work and family commitments.
You need to know about these changes if your child's birth or adoption is on or after July 1, 2020.
Currently, you can only get Parental Leave Pay as a continuous block of payment up to 18 weeks.
This is 90 payable days.
If your child's birth or adoption is on or after July 1, you'll still get up to 90 days. However, 30 of those days will be 'Flexible Paid Parental Leave' days.
Your payment will include both a continuous paid parental leave period of up to 12 weeks, which is 60 payable days and 30 flexible paid parental leave days.
There are no expected increases to either the parental leave pay income threshold of $150,000 and the 'Dad and Partner Pay' income threshold of $150,000 util January 1, 2021.
WORKING FROM HOME ALLOWANCE
The Australian Tax Office's temporary working from home expenses allowance between March 1 and June 30, 2020 will come to an end.
People have been able to claim a rate of 80 cents per hour for all their running expenses, instead of calculating costs for specific running expenses under normal circumstances.
If you're still working from home, from July 1, the claiming of expenses will revert back to the previous methods.
EARLY SUPER
From July 1, the temporary COVID-19 early release of superannuation will not be available to temporary residents.
Eligible Australian and New Zealand citizens and permanent residents can still apply for up to $10,000 until September 24.
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