Exciting Updates for International Students in Australia Starting July 1, 2024

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From July 1, 2024, several important changes will come into effect that impact international students in Australia. Here's a concise overview of the key updates:
Minimum Wage Increase
The national minimum wage will rise by 3.75% to $24.10 per hour. This change benefits international students working part-time jobs.
Superannuation Contribution Increase
Employers will be required to contribute 11.5% of an employee's earnings to their superannuation, up from 11%. This applies to all eligible workers, including international students.
Tax Cuts
New tax brackets will take effect, potentially reducing the tax burden for international students who work. The tax-free threshold remains at $18,200, while the 16% tax rate now applies to income between $18,201 and $45,000.
Temporary Graduate Visa Changes
There may be modifications to the Temporary Graduate visa (subclass 485) conditions, though specific details were not provided in the search results. International students should check with the Department of Home Affairs for the most up-to-date information.
Visa Regulations
The search results did not provide specific information about "visa loopholes." However, international students should always ensure they comply with their visa conditions and stay informed about any changes to immigration policies.
These changes aim to improve the financial situation of workers in Australia, including international students. It's advisable for students to consult official sources or seek professional advice for personalized information regarding their specific circumstances.