The proposal would provide $5 billion over 4 years to establish a Protected Areas Fund to expand and protect high-biodiversity regions, including World Heritage protection for the Great Australian Bight, and $50 million for the creation of new National Parks across Tasmania.

The funding would be distributed as $500 million in 2025-26 and 2026-27, $1.5 billion in 2027-28 and $2.5 billion in 2028-29, with departmental funding in addition to the capped amount.

The proposal would be non-ongoing and start from 1 July 2025.