Panasonic hasn't updated its higher-end rugged point-and-shoot since the Lumix TS6 came out in 2015, so it looks like the company is making up for lost time with the Lumix TS7 (FT7 in other parts of the world), boasting the deepest waterproof rating now available for its class at 102 ft/30m. It improves its predecessor in almost every way, as well as pulling ahead of competitors which are getting old.
It's not slated to ship until early summer, so it may miss your post-school vacation with the kids. You'll be able to get it in blue or orange and black for $450 (directly converted, about AU$600). It will ship in July in the UK for £399.
Updated May 11, 2018: Adds UK naming, pricing and availability.