First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

The proposal would allow first home buyers, who purchase a newly built home, the ability to deduct the interest paid on up to $650,000 of their mortgage from their assessable income. There is no cap on the size of a mortgage captured under this policy.

The measure will be available to individuals earning up to $175,000 and joint applicants earning up to $250,000. Once found eligible, participants will retain access to the deduction even if their income rises.

The deduction can be claimed for up to 5 years, if the home is the principal place of residence.

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Special envoy for arbitrarily detained Australians

Summary of proposal

The proposal would establish a Special Envoy for Arbitrarily Detained Australians overseas to focus on political and arbitrarily detained cases within the Department of Foreign Affairs and Trade (DFAT).

The proposal would start on 1 July 2026 and be ongoing.

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Special envoy for arbitrarily detained Australians

Summary of proposal

The proposal would establish a Special Envoy for Arbitrarily Detained Australians overseas to focus on political and arbitrarily detained cases within the Department of Foreign Affairs and Trade (DFAT).

The proposal would start on 1 July 2026 and be ongoing.

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Special envoy for arbitrarily detained Australians

Summary of proposal

The proposal would establish a Special Envoy for Arbitrarily Detained Australians overseas to focus on political and arbitrarily detained cases within the Department of Foreign Affairs and Trade (DFAT).

The proposal would start on 1 July 2026 and be ongoing.

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Official Development Assistance – efficiencies excluding the Pacific, Indonesia and Timor-Leste

Summary of proposal

The proposal would reduce Official Development Assistance funding by specified amounts (excluding funding for the Pacific, Indonesia and Timor-Leste).

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

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Official Development Assistance – efficiencies excluding the Pacific, Indonesia and Timor-Leste

Summary of proposal

The proposal would reduce Official Development Assistance funding by specified amounts (excluding funding for the Pacific, Indonesia and Timor-Leste).

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

Read more

Official Development Assistance – efficiencies excluding the Pacific, Indonesia and Timor-Leste

Summary of proposal

The proposal would reduce Official Development Assistance funding by specified amounts (excluding funding for the Pacific, Indonesia and Timor-Leste).

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

Read more

Official Development Assistance – efficiencies excluding the Pacific, Indonesia and Timor-Leste

Summary of proposal

The proposal would reduce Official Development Assistance funding by specified amounts (excluding funding for the Pacific, Indonesia and Timor-Leste).

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

Read more

Official Development Assistance – efficiencies excluding the Pacific, Indonesia and Timor-Leste

Summary of proposal

The proposal would reduce Official Development Assistance funding by specified amounts (excluding funding for the Pacific, Indonesia and Timor-Leste).

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

Read more

Official Development Assistance – efficiencies excluding the Pacific, Indonesia and Timor-Leste

Summary of proposal

The proposal would reduce Official Development Assistance funding by specified amounts (excluding funding for the Pacific, Indonesia and Timor-Leste).

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

Read more