The proposal would provide $1.5 billion over 10 years to strengthen environmental laws and establish a national environmental protection agency.

The proposal would be non-ongoing, distribute funding evenly over 10 years and start from 1 July 2025.

The proposal would provide $1.5 billion over 10 years to strengthen environmental laws and establish a national environmental protection agency.

The proposal would be non-ongoing, distribute funding evenly over 10 years and start from 1 July 2025.

The proposal would reverse production tax credits for Green hydrogen. The proposal would start on 1 July 2025.

The proposal would reverse production tax credits for Green hydrogen. The proposal would start on 1 July 2025.

The proposal would reverse production tax credits for Green hydrogen. The proposal would start on 1 July 2025.

The proposal would cease duplicative research activities of the Climate Change Authority (CCA).

The proposal would start on 1 July 2025 and be ongoing.

The proposal would reform the Safeguard Mechanism to align with 1.5 degrees by tightening baselines and limiting offsets to hard-to-abate sectors only. This would include regulatory changes to ensure covered emissions, baselines and the decline rate are recalibrated to what the science requires and ACCU offsets will be limited to those few hard-to-abate sectors.

The proposal would start on 1 July 2025 and end on 1 July 2029.

The proposal would reform the Safeguard Mechanism to align with 1.5 degrees by tightening baselines and limiting offsets to hard-to-abate sectors only. This would include regulatory changes to ensure covered emissions, baselines and the decline rate are recalibrated to what the science requires and ACCU offsets will be limited to those few hard-to-abate sectors.

The proposal would start on 1 July 2025 and end on 1 July 2029.

The proposal includes 3 options to alter tax policy settings to promote electrification of rental properties, all starting 1 July 2024. 

Option 1
Allow owners of residential investment properties to write off the full cost of split system air conditioners (up to 20kW), heat pump water heaters and induction cooktops against their taxable income, where these have replaced equivalent gas appliances. This would replace the existing depreciation schedules for these items (currently 12 to 15 years).

The proposal includes 3 options to alter tax policy settings to promote electrification of rental properties, all starting 1 July 2024. 

Option 1
Allow owners of residential investment properties to write off the full cost of split system air conditioners (up to 20kW), heat pump water heaters and induction cooktops against their taxable income, where these have replaced equivalent gas appliances. This would replace the existing depreciation schedules for these items (currently 12 to 15 years).