The proposal would reduce funding to Creative Australia by $61.8 million and redirect this funding as follows:

• Component 1: provide $18 million (evenly distributed over 4 years) towards a Jewish Arts Quarter project in Victoria.
• Component 2: return $43.8 million over 4 years to the consolidated revenue fund, with the funding profile of: $33.2 million in 2025-26, $2 million in 2026-27, $1.1 million in 2027-28 and $7.5 million in 2028-29.

The proposal would be non-ongoing and commence on 1 July 2025.