The proposal contains 12 separate components.

Component 1 would establish a Parliamentary Office of Science and Technology as an independent body to provide scientific advice to Parliament, modelled off the United Kingdom’s office of the same name, and with peak workflow expected during Parliamentary periods.

Component 2 would establish an additional non-refundable tax offset of 20% for companies that hire science, technology, engineering and mathematics (STEM) PhD students or equivalent graduates in their first three years of employment.

The proposal would re-establish the Communications Fund (the fund) which was abolished in the 2008-09 Budget. The fund would have a mandate to invest its assets commercially and use the proceeds to fund essential communications programs with a focus on regional Australia.

The fund would initially be capitalised with a $3 billion investment from the Australian Government.

This proposal would have effect from 1 July 2022.

The proposal would re-establish the Communications Fund (the fund) which was abolished in the 2008-09 Budget. The fund would have a mandate to invest its assets commercially and use the proceeds to fund essential communications programs with a focus on regional Australia.

The fund would initially be capitalised with a $3 billion investment from the Australian Government.

This proposal would have effect from 1 July 2022.

The proposal would re-establish the Communications Fund (the fund) which was abolished in the 2008-09 Budget. The fund would have a mandate to invest its assets commercially and use the proceeds to fund essential communications programs with a focus on regional Australia.

The fund would initially be capitalised with a $3 billion investment from the Australian Government.

This proposal would have effect from 1 July 2022.