A summary of the highlights from the Federal Government’s 2025/26 Budget.
Personal Income Tax – increasing the Medicare levy low‑income thresholds
The Government will increase the Medicare levy low‑income thresholds for singles, families, and seniors and pensioners from 1 July 2024 to provide cost‑of‑living relief. The increase to the thresholds ensures that low‑income individuals continue to be exempt from paying the Medicare levy or pay a reduced levy rate.
The increase to the thresholds is estimated to decrease receipts by $648.0 million over five years from 2024–25.
The threshold for singles will be increased from $26,000 to $27,222. The family threshold will be increased from $43,846 to $45,907. For single seniors and pensioners, the threshold will be increased from $41,089 to $43,020. The family threshold for seniors and pensioners will be increased from $57,198 to $59,886. The family income thresholds will increase by $4,216 for each dependent child or student, up from $4,027.
Source: Budget Paper No 2, p 5.
Personal Income Tax – new tax cuts for every Australian taxpayer
The Government will deliver new tax cuts to every Australian taxpayer from 1 July 2026.
These tax cuts are in addition to the first round of tax cuts for every taxpayer that the Government legislated last year, which have been rolling out since 1 July 2024.
The new tax cuts will provide more cost-of-living relief and return bracket creep. They will also boost labour supply, particularly for women.
Under the Government’s new tax cuts:
- From 1 July 2026, the 16 per cent rate will be reduced to 15 per cent.
- From 1 July 2027, the 15 per cent rate will be reduced further to 14 per cent.
This measure is estimated to decrease receipts by $17.1 billion over five years from 2024–25.
Source: Budget Paper No 2, p 5.
Restricting Foreign Ownership of Housing
The Government will take action to ensure foreign investment in housing supports the Government’s broader agenda to boost Australia’s housing supply by:
- Banning foreign persons (including temporary residents and foreign‑owned companies) from purchasing established dwellings for two years from 1 April 2025, unless an exception applies. Exceptions to the ban will include investments that significantly increase housing supply or support the availability of housing on a commercial scale, and purchases by foreign‑owned companies to provide housing for workers in certain circumstances.
- Providing the Australian Taxation Office (ATO) $5.7 million over four years from 2025–26 to enforce the ban.
- Providing the ATO and Treasury $8.9 million over four years from 2025–26 and $1.9 million per year ongoing from 2029–30 to implement an audit program and enhance their compliance approach to target land banking by foreign investors.
The ban will mean Australians will be able to buy homes that would have otherwise been bought by foreign persons, while encouraging foreign persons to boost Australia’s housing supply.
The enhanced compliance approach by the ATO and Treasury to target land banking will ensure foreign investors comply with requirements to put vacant land to use for residential and commercial developments within reasonable timeframes.
This measure is estimated to decrease receipts by $90.0 million and increase payments by $14.6 million over five years from 2024–25.
Source: Budget Paper No 2, p 6.
Strengthening Tax Integrity
The Government will strengthen the fairness and sustainability of Australia’s tax system by providing $999.0 million over four years to the Australian Taxation Office (ATO) to extend and expand tax compliance activities.
Additional funding includes:
- $717.8 million over four years from 1 July 2025 for a two-year expansion and a one-year extension of the Tax Avoidance Taskforce. This supports the ATO’s continued tax compliance scrutiny on multinationals and other large taxpayers.
- $155.5 million over four years from 1 July 2025 to extend and expand the Shadow Economy Compliance Program to reduce shadow economy behaviour such as worker exploitation, under‑reporting of taxable income, illicit tobacco and other shadow economy activity that enables non‑compliant businesses to undercut competition.
- $75.7 million over four years from 1 July 2025 to extend and expand the Personal Income Tax Compliance Program. This will enable the ATO to continue to deliver a combination of proactive, preventative and corrective activities in key areas of non-compliance.
- $50.0 million over three years from 1 July 2026 to extend the Tax Integrity Program. This will enable the ATO to continue its engagement program to ensure timely payment of tax and superannuation liabilities by medium and large businesses and wealthy groups.
This measure is estimated to increase receipts by $3.2 billion over five years from 2024–25, and increase payments by $1.4 billion, including an increase in GST payments to the states and territories of $402.6 million and $31.0 million in unpaid superannuation to be disbursed to employees.
Source: Budget Paper No 2, p 7.
Building Australia’s Future – Improving Outcomes in Australian Schools
The Government will provide $407.5 million over four years from 2025–26 (and $7.2 billion from 2029–30 to 2035–36) to jurisdictions which have signed Better and Fairer Schools Agreement (Full and Fair Funding 2025–2034) Bilateral Agreements, including New South Wales, South Australia, Tasmania and the Australian Capital Territory. The agreement sees the Commonwealth increase its share of the Schooling Resource Standard to 25 per cent by 2034–35, putting schools on a path to full and fair funding.
In exchange, jurisdictions will end their use of the 4 per cent provision which allowed them to claim things like capital depreciation. Instead, this funding will go to delivering reforms, including small group tutoring to help students who fall behind catch up, the introduction of Year 1 phonics and early years numeracy checks and more support to attract and retain teachers.
Negotiations with jurisdictions who are yet to sign the Bilateral Agreement are continuing, with funding being held in the Contingency Reserve pending finalisation of negotiations.
This measure builds on the 2024–25 MYEFO measure titled Better and Fairer Schools Bilateral Agreements with Western Australia, Northern Territory, Tasmania and Australian Capital Territory.
The Government will also provide $11.5 million over four years from 2025–26 to support early childhood education and care and improve educational outcomes in Australian schools.
Source: Budget Paper No 2, p 37.
Education – savings
The Government will achieve savings of $3.0 million over two years from 2024–25 by reallocating funding from the International Education Support program.
The savings from this measure will be redirected to other Government policy priorities in the Education portfolio.
Source: Budget Paper No 2, p 38.
Establishment of Additional University Study Hubs
The Government will provide funding to establish additional University Study Hubs above the previously committed 20 Regional University Study Hubs and 14 Suburban University Study Hubs.
The Government will also continue to maintain the MicroCred Seeker website until the end of 2025 to provide continuity of service to students and education providers.
The cost of this measure will be met from within the existing resourcing of the Department of Education.
This measure builds on the 2023–24 MYEFO measure titled Australian Universities Accord Interim Report – initial response.
Source: Budget Paper No 2, p 39
Employment and Workplace Relations
Addressing Integrity Risks
The Government will provide additional funding of $6.0 million over four years from 2025–26 to address critical integrity issues and extend support for retrenched workers. Funding includes:
- $4.7 million in 2025–26 in additional temporary resourcing to the Australian Skills Quality Authority (ASQA) for urgent enforcement activity to counter fraud in the Vocational Education and Training (VET) sector. This surge resourcing will support ASQA to undertake necessary compliance actions to address serious integrity issues which pose a risk to the community and to the reputation of Australia’s VET sector
- $1.3 million over four years from 2025–26 to ensure retrenched workers and their partners can continue to access Workforce Australia provider services for a further two years until 30 June 2027.
The cost of this measure will be met from savings identified in the Employment and Workplace Relations portfolio.
This measure extends the 2022–23 October Budget measure titled Workforce Australia – micro‑policy amendments and onboarding complementary programs onto the Workforce Australia digital platform.
Source: Budget Paper No 2, p 40
Building Australia’s Future – Increased Support for Apprentices
The Government will provide $722.8 million over four years from 2025–26 to deliver increased support for apprentices. Funding includes:
- $626.9 million over four years from 2025–26 to reframe the New Energy Apprenticeships Program as the Key Apprenticeship Program and expand it to capture critical residential construction occupations
- $77.8 million over four years from 2025–26 to extend the current interim Australian Apprenticeship Incentive System program settings for a further six months from 1 July 2025 to 31 December 2025
- $11.0 million over four years from 2025–26 to increase the Disability Australian Apprentice Wage Support subsidy
- $7.0 million over four years from 2025–26 to increase the Living Away From Home Allowance.
The Government’s package of reforms includes six months of consultation to support the development of a new ‘gateway model’ for the incentive system, with costs met from within the existing resourcing of the Department of Employment and Workplace Relations.
In addition to this, the Government has increased the number of TAFE Centres of Excellence under the National Skills Agreement that are eligible to receive additional funding to fast‑track their establishment.
The Government has already provided funding for this measure.
This measure builds on the 2024–25 Budget measure titled Australian Apprenticeships Incentive System – further support and the 2023–24 MYEFO measure titled Employment White Paper.
Source: Budget Paper No 2, p 41
Employment and Workplace Relations – savings
The Government will achieve savings of $7.9 million in 2028–29 by reducing uncommitted funding currently allocated to the Industry Workforce Training program.
The savings from this measure will fund the 2025–26 Budget measure Addressing Integrity Risks.
Source: Budget Paper No 2, p 41
Critical Health Infrastructure and Systems
The Government will provide funding to secure critical health infrastructure and systems, including:
- $22.9 million over five years from 2024–25 to address intravenous (IV) fluids shortages by expanding onshore IV fluid production capacity, establishing a panel of suppliers for IV fluids, and undertaking a clinical review of IV fluids
- $3.7 million over two years from 2025–26 to replace the Cobalt‑60 teletherapy source for the calibration of radiotherapy devices used for radiation therapy
- $2.4 million over four years from 2025–26 (and $0.6 million per year ongoing) to increase the core operating funding for the National Joint Replacement Registry.
The Government has already provided partial funding for this measure.
The cost of this measure will be partially met from within the existing resourcing of the Department of Health and Aged Care and the Australian Radiation Protection and Nuclear Safety Agency.
The cost of this measure will be partially met from the anticipated recovery of $2.4 million over four years from 2025–26 (and $0.6 million per year ongoing) through changes to the National Joint Replacement Registry Levy.
This measure builds on the 2024–25 Budget measure titled National Joint Replacement Registry – additional funding.
Source: Budget Paper No 2, p 45
Digital Mental Health
The Government will provide additional funding of $46.0 million over four years from 2024–25 to continue digital mental health services.
The cost of this measure will be partially met from within the existing resourcing of the Department of Health and Aged Care.
This measure builds on the 2023–24 MYEFO measure titled Mental Health.
Source: Budget Paper No 2, p 46
Even Cheaper Medicines
The Government will provide $784.6 million over four years from 2025–26 (and
$236.4 million per year ongoing) to lower the Pharmaceutical Benefits Scheme (PBS) general patient co‑payment from $31.60 to $25.00 on 1 January 2026.
The measure extends the 2024–25 Budget measure titled Securing Cheaper Medicines and the 2022–23 October Budget measure titled Plan for Cheaper Medicines.
Source: Budget Paper No 2, p 46
Funding Pay Increases for Aged Care Workers – nurses
The Government will provide $88.3 million over five years from 2024–25 (and $0.9 million per year ongoing) to fund the outcome of the Fair Work Commission’s decision to increase the minimum award wages of registered and enrolled nurses employed in the aged care sector.
The Government will also provide $30.1 million over five years from 2024–25 (and $7.8 million per year ongoing) to fund Commonwealth Home Support Programme providers through a revised approach of an uplift in indexation to existing grant agreements to cover the cost of the increase in award wages from the Fair Work Commission Stage 3 decision on the Aged Care Work Value Case. The funding will move to the Support at Home program when the Commonwealth Home Support Programme rolls into the Support at Home program from no earlier than 1 July 2027.
The cost of this measure will be partially met from within the existing resourcing of the Department of Health and Aged Care.
The 2025–26 Budget also includes $2.5 billion over five years from 2024–25 (and an additional $6.1 billion from 2029–30 to 2034–35) to meet the cost of the Fair Work Commission’s decision for aged care nurses with funding to other aged care programs including residential aged care, the Home Care Packages program and the Support at Home program, which will be delivered through increases that will flow through program indexation.
This measure builds on the 2023–24 Budget and 2024–25 MYEFO measures titled Funding Pay Increases for Aged Care Workers.
Source: Budget Paper No 2, p 46,47.
Health – savings
The Government will achieve savings of $3.8 million over two years from 2025–26 by deferring changes to the Medicare Benefits Schedule (MBS) to reclassify the intravitreal eye injection item as a Type C out‑of‑hospital item, to allow time for further consultation on the proposed changes.
Source: Budget Paper No 2, p47.
Implementation of Aged Care Reforms
The Government will provide $291.6 million over five years from 2024–25 (and an additional $12.7 million in 2029–30) to continue the delivery of aged care reforms and the implementation of recommendations from the Royal Commission into Aged Care Quality and Safety.
The Government will achieve savings of $21.2 million over three years from 2024–25 by not proceeding with part of the 2022–23 March Budget measure titled Ageing and Aged Care to trial new models of multidisciplinary care in residential aged care and inform pricing arrangements through the National Health Reform Agreement.
The Government will achieve savings of $27.7 million in 2025–26 through cost recovery activities under the new charging model of the Aged Care Quality and Safety Commission.
The cost of this measure will be partially met from within the existing resourcing of the Department of Health and Aged Care.
Source: Budget Paper No 2, p48,49.
Improving Access to Medicines and Pharmacy Programs
The Government will provide funding over six years from 2024–25 to improve access to medicines and to trial an expansion of the range of services delivered by community pharmacies.
The Government has already provided partial funding for this measure.
The cost of this measure will be partially met from within the existing resources of the Department of Health and Aged Care.
This measure extends the 2023–24 Budget measure titled Reducing Patient Costs and Improving Services through Community Pharmacies, and builds on the 2024–25 MYEFO measure titled Eighth Community Pharmacy Agreement and the 2024–25 Budget measure titled Securing Cheaper Medicines.
Source: Budget Paper No 2, p 49,50.
Medical Research and Clinical Trials
The Government will provide $158.6 million over five years from 2024–25 to support research and translate medical research to clinical practice.
The Government has already provided partial funding for this measure.
The cost of this measure will be partially met from within the existing resourcing of the Department of Health and Aged Care.
Source: Budget Paper No 2, p 50.
National Health Reform Agreement – 2025‑26 Uplift
The Government will provide funding of $33.9 billion in 2025–26 to extend the 2020–2025 Addendum to the National Health Reform Agreement (NHRA) to 30 June 2026.
The Government has already provided partial funding for this measure.
Source: Budget Paper No 2, p 51.
Pharmaceutical Benefits Scheme (PBS) New and Amended Listings
The Government will provide $1.8 billion over five years from 2024–25 for new and amended listings on the Pharmaceutical Benefits Scheme (PBS), Repatriation Pharmaceutical Benefits Scheme, Stoma Appliance Scheme and Take Home Naloxone program.
Source: Budget Paper No 2, p 50.
Preventive Health, Wellbeing and Sport
The Government will provide $132.0 million in 2025–26 to improve health outcomes through preventive health and other health initiatives.
The Government has already provided partial funding for this measure.
The cost of this measure will be partially met from within the existing resourcing of the Department of Health and Aged Care.
This measure builds on the 2024–25 MYEFO measures titled Preventive Health and 10‑Year National Action Plan for the Health and Wellbeing of LGBTIQA+ People. This measure extends part of the 2023–24 Budget measure Long Term Dental Funding Reform Developmental Work and Interim Funding.
Source: Budget Paper No 2, p 50.
Strengthening Medicare
The Government will provide additional funding of $8.4 billion over five years from 2024–25 (and $2.5 billion per year ongoing) to increase access to bulk billing.
The Government has also agreed to extend access to temporary Heart Health Assessment items on the MBS to support patients with or at risk of developing cardiovascular disease, pending longer‑term arrangements.
The Government has already provided partial funding for this measure.
The cost of this measure will be partially met from within the existing resourcing of the Department of Health and Aged Care.
This measure builds on the 2022–23 October Budget measure titled Medicare Benefits Schedule – new and amended listings, the 2023–24 Budget measures titled Strengthening Medicare and A Modern and Clinically Appropriate Medicare Benefits Schedule, and the 2023–24 MYEFO measure titled An Effective and Clinically Appropriate Medicare.
Source: Budget Paper No 2, p 53.
Strengthening Medicare – Expanding Medicare Urgent Care Clinics
The Government will provide $657.9 million over three years from 2025–26 to expand the Medicare Urgent Care Clinics Program. This will include an additional 50 Medicare Urgent Care Clinics across Australia, which will take the total number of Medicare Urgent Care Clinics to 137.
Medicare Urgent Care Clinics reduce pressure on hospital emergency departments by supporting Australians to access care for urgent, but not life‑threatening, conditions. Medicare Urgent Care Clinics are open during extended business hours with no appointments or referrals required, and with no out‑of‑pocket costs for patients.
The Government has already provided partial funding for this measure.
This measure builds on the 2024–25 Budget measure titled Strengthening Medicare – Medicare Urgent Care Clinics – additional funding.
Source: Budget Paper No 2, p 55.
Strengthening Medicare – Health Workforce
The Government will provide $662.6 million over five years from 2024–25 (and $230.9 million per year ongoing) to continue to strengthen and support Australia’s health workforce.
The Government has already provided partial funding for this measure.
The costs of this measure will also be partially met from within the existing resourcing of the Department of Health and Aged Care.
Source: Budget Paper No 2, p 56.
Strengthening Medicare – Women’s Health
The Government will provide $240.4 million over five years from 2024–25 (and
$42.3 million per year ongoing) to support women’s health.
The Government has already provided partial funding for this measure.
The cost of this measure will be partially met from within the existing resourcing of the Department of Health and Aged Care.
This measure builds on the 2024–25 Budget measure titled Women’s Health, and the 2022–23 March Budget measure titled Women’s Health Package.
Source: Budget Paper No 2, p 57.
Supporting Australian Communities Affected by the Hamas‑Israel Conflict
The Government will provide $1.6 million over two years from 2024–25 to provide mental health supports and services for Australians impacted by the conflict in the Middle East.
The cost of this measure will be partially met from within the existing resourcing of the Department of Health and Aged Care.
This measure extends the 2023–24 MYEFO measure titled Supporting Australian Communities Affected by the Hamas‑Israel Conflict.
Source: Budget Paper No 2, p 58.
Disaster Support
The Government will provide $28.8 million over two years from 2024–25 to improve Australia’s resilience to natural hazards and preparedness to respond to disasters.
The support outlined in this measure is in addition to assistance provided under the Disaster Recovery Funding Arrangements through which the Australian Government provides funding to states and territories to share the financial burden of responding to significant natural disasters, and the provision of urgent financial assistance to disaster‑affected individuals.
In addition to the funding announced by the Government to date, the 2025–26 Budget includes a provision of $1.2 billion over the forward estimates to accommodate additional expenditure on disaster response payments including following Ex‑Tropical Cyclone Alfred in March 2025.
This measure builds on the 2024–25 MYEFO measure titled Disaster Support.
Source: Budget Paper No 2, p 59.
Building a Better Future Through Considered Infrastructure Investment
The Government will provide $17.1 billion over ten years from 2024–25 for road and rail infrastructure priorities to support productivity and jobs.
The Government will also provide $12.0 million over two years from 2025–26 for the Port Augusta Wharf Refurbishment.
The Government has already provided partial funding for this measure.
The cost of this measure will be partially met from existing funding for the Infrastructure Investment Program.
This measure builds on the 2024–25 MYEFO measure titled Building Australia’s Future – Building a Better Future Through Considered Infrastructure Investment.
Source: Budget Paper No 2, p 66.
Building Australia’s Future – Completing the NBN Fibre Upgrades
The Government will provide an equity investment of up to $3.0 billion over seven years from 2024–25 to NBN Co to upgrade the remaining 622,000 National Broadband Network (NBN) premises on the national fibre‑to‑the‑node (FTTN) network with NBN Co also contributing more than $800 million to the project.
The additional investment will support more than 94 per cent of Australia’s fixed line footprint to have access to gigabit speeds by 2030.
The Government has already provided funding for this measure.
Partial funding for this measure will be held in the Contingency Reserve until final project details are settled.
This measure builds on the 2022–23 October Budget measure titled Improving the NBN.
Source: Budget Paper No 2, p 67.
Continued Funding for the Regional Australia Institute
The Government will provide $2.0 million in 2025–26 for the Regional Australia Institute to continue research, policy and educational activities.
Source: Budget Paper No 2, p 67.
Extend the School Student Broadband Initiative until 2028
The Government will provide $5.3 million over four years from 2024–25 to continue the delivery of free broadband for up to 30,000 unconnected families with school aged students under the School Student Broadband Initiative to 30 June 2028. More than a third of the families connected under the scheme to date have been in rural and regional Australia.
Source: Budget Paper No 2, p 68.
Supporting Connectivity
The Government will provide $1.8 million in 2025–26 to continue the Measuring Broadband Australia program to assist consumers to make informed choices about broadband services.
Source: Budget Paper No 2, p 69.
Supporting Transport Priorities
The Government will provide $49.6 million over five years from 2024–25 to support transport priorities.
Source: Budget Paper No 2, p 69.
Buy Australian Campaign
The Government will provide $20.0 million in 2025–26 to the Department of the Prime Minister and Cabinet for initiatives to encourage consumers to buy Australian‑made products.
Source: Budget Paper No 2, p 69.
Additional Support for the Housing Services Sector
The Government will provide $8.9 million over three years from 2025–26 to improve and expand support services for vulnerable Australians, including Australians experiencing housing insecurity and family, domestic and sexual violence.
The Government has already provided partial funding for this measure, and the remainder of the cost will be met from within the existing resourcing of the Department of Social Services.
Parts of this measure support the implementation of the National Plan to End Violence Against Women and Children 2022–32. This measure builds on the 2024–25 MYEFO measures titled Housing Support, Ending Gender Based Violence – National Cabinet and Ending Gender Based Violence – additional investment.
Source: Budget Paper No 2, p 72.
Strengthening the National Disability Insurance Scheme
The Government will provide additional funding of $175.4 million over four years from 2025–26 (and $43.8 million per year ongoing) to further safeguard the integrity of the National Disability Insurance Scheme (NDIS) and support people with disability.
The Government has already provided partial funding for this measure.
This measure builds on the 2022–23 October Budget measure titled Plan for the National Disability Insurance Scheme, the 2023–24 Budget measure titled Improving the Effectiveness and Sustainability of the National Disability Insurance Scheme, the 2024–25 Budget measure titled National Disability Insurance Scheme – getting the NDIS back on track, and the 2024–25 MYEFO measure titled National Disability Insurance Scheme Reform.
Source: Budget Paper No 2, p 72, 73.
Support for People with Disability
The Government will provide $423.8 million over five years from 2024–25 (and $150.0 million per year ongoing) to support inclusion and build the capacity of people with disability and their families through improving accessibility, delivery of inclusive community services, and general understanding of disability.
Source: Budget Paper No 2, p 73.
Energy Bill Relief Fund Extension
The Government will provide $1.8 billion over two years from 2025–26 to continue energy bill rebates of $75 per quarter for eligible Australian households and small businesses until 31 December 2025 to provide cost-of-living relief.
This measure extends the 2024–25 Budget measure titled Energy Bill Relief Fund – extension and expansion.
Source: Budget Paper No 2, p 75.
Housing Support
The Government will provide $58.8 million over five years from 2024–25 to increase support for housing.
The Government will also provide $0.8 billion in additional investment in the Help to Buy program, bringing total equity investments to $6.3 billion, through increasing property price caps and increasing income caps from $90,000 to $100,000 for singles and from $120,000 to $160,000 for joint applications.
This measure builds on the 2024–25 Budget measure titled Housing Support.
Source: Budget Paper No 2, p 73.
National Anti‑Scam Centre
The Government will provide $6.7 million in 2025–26 to extend the operation of the National Anti‑Scam Centre within the Australian Competition and Consumer Commission to continue protecting consumers and businesses from scam activity.
This measure builds on the 2023–24 Budget measure titled Fighting Scams.
Source: Budget Paper No 2, p 76.
Small Business and Franchisee Support and Protection
The Government will provide $12.0 million over four years from 2025–26 to support and protect small businesses. Funding includes:
- $7.1 million over two years from 2025–26 for the Australian Competition and Consumer Commission to strengthen regulatory oversight of the Franchising Code of Conduct
- $3.0 million over four years from 2025–26 for the Australian Securities and Investments Commission to improve its data analytics capability to better target enforcement activities to deter illegal phoenixing activities, particularly in the construction sector
- $1.2 million in 2025–26 to partner with White Box Enterprises to establish a Social Enterprise Loan Fund to offer small loans to social enterprises, including work integration social enterprises, to support employment for disadvantaged Australians
- $0.8 million in 2025–26 for Treasury to develop and consult on options to extend protections against unfair trading practices to small businesses and protect businesses regulated by the Franchising Code of Conduct from unfair contract terms and unfair trading practices.
The Government has already provided partial funding for this measure.
The cost of this measure will be partially met from within the existing resofurcing of the Treasury.
Source: Budget Paper No 2, p 76.
Treasury Portfolio – additional resourcing
The Government will provide $219.2 million over four years from 2025–26 to support the delivery of Government priorities in the Treasury portfolio, including:
- an increase in the cap on the Commonwealth’s guarantee of Housing Australia’s liabilities from $10 billion to $26 billion including support for commitments for projects under the Housing Australia Future Fund and the National Housing Accord Facility
- $207.0 million over two years from 2025–26 to deliver the second tranche of stabilisation and uplift of the Australian Securities and Investments Commission’s (ASIC) business registers
- $4.6 million over four years from 2025–26 to continue the National Housing Delivery Coordinator
- $3.9 million in 2025–26 for the Australian Competition and Consumer Commission to extend the National Electricity Market Inquiry and enforcement activities to protect consumer price outcomes and ensure electricity providers comply with their obligations
- $2.9 million over three years from 2025–26 to assist fresh produce suppliers to understand and enforce their rights under the Food and Grocery Code to achieve more favourable commercial outcomes when negotiating with large grocery businesses
- $0.8 million in 2025–26 for the Treasury to reform Australia’s financial reporting governance arrangements.
The Government will also amend the application of indexation to certain fees under the Corporations (Review Fees) Act 2003.
The cost of this measure will be partially met from within the existing resourcing of the Housing portfolio.
Source: Budget Paper No 2, p 78.