The end of a financial year isn’t just the time to cruise the stocktake sales, it also ushers in several substantial legal and financial changes.

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

The end of a financial year isn’t just the time to cruise the stocktake sales, it also ushers in several substantial legal and financial changes.

From revamped thresholds for high earners to major changes to superannuation, here are the critical adjustments set to reshape your personal finances from July 1.

From tax cuts to wage increases, here are some of the changes starting July 1.