Or, as the government prefers to refer to it, happy car registration, fine, licence fee increase day!

As of midnight, July 1 means an extra few dollars being spent on everyday items with car registration due to increase by 3.5 per cent, which the Opposition is at pains to point out is two-and-a-half times the inflation rate, but less eager to mention it was the LNP government that put the tools in place to allow for higher than inflation increases.

But Labor has embraced those measures, meaning that registering a car will increase by between $12 to $23 depending on the size of the vehicle's engine.

The LNP froze car registration for the past three years, but Labor said the budget forward estimates showed that was coming to an end this financial year.

With the increase comes the option to pay rego bills quarterly.

But renewing your driver's licence will also cost a little more, with a one-year licence fee increasing from $68.80 to $71.20, up to $159.40 from $154 for a five year licence.

Getting caught doing the wrong thing will also cost a little more from Wednesday – with the value of a penalty point increasing from $113.85 to $117.80, the fourth increase in seven years.

The government is keen to point out that it is not all doom and gloom with the latest Queensland Competition Authority power price determination showing a slight drop in electricity costs for the average house hold user.

But while the daily consumption cost is dropping, fixed prices are increasing, meaning less consumption won't necessarily mean a cheaper bill.

New measures that clicked into place overnight mean south-east Queensland electricity retailers will have to offer customers at least one contract that offers no exit fee if they find a better deal, with all other contracts having to cap exit fees at $20.

In other new measures cafes and restaurants will have to shut down service by 1am, but more late night eateries should be available with those same laws meaning establishments have to be able to show they serve food, not just drinks to stay open that late in the first place.

Fossicking and mining prospecting licences will also cost a little bit more from Wednesday, but the good news is everyone gets a little bit extra time to take in all the changes.

The leap second ordered by timekeepers to keep high-precision clocks in sync with the earth's rotation will be added at 9:59am AEST on Wednesday.

Suggestions have been forwarded on how to spend the precious additional drop of time, but blink and you might miss it.