New financial year will also see a tax cut, more anti-price-gouging measures and SMS sender ID changes designed to protect against scam texts Get our breaking news email , free app or daily news podcast A bump to minimum wage, a change to how often superannuation is paid and more paid parental leave days are among the changes coming into effect on 1 July. The end of financial year is typically when state and federal governments introduce a range of new policies. So what’s new and who will be affected?