Future Generations Fund and Regional Australia Future Fund

Summary of proposal

The proposal would create two funds financed by revenue windfalls: the Future Generations Fund (FGF) and the Regional Australia Future Fund (RAFF).

The two funds will receive 80% of any positive receipts variations each year. 75% of these funds will go to the FGF, with the remaining 25% going to the RAFF. Additionally, the RAFF will receive initial seed funding of $5 billion.

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Future Generations Fund and Regional Australia Future Fund

Summary of proposal

The proposal would create two funds financed by revenue windfalls: the Future Generations Fund (FGF) and the Regional Australia Future Fund (RAFF).

The two funds will receive 80% of any positive receipts variations each year. 75% of these funds will go to the FGF, with the remaining 25% going to the RAFF. Additionally, the RAFF will receive initial seed funding of $5 billion.

Read more

Future Generations Fund and Regional Australia Future Fund

Summary of proposal

The proposal would create two funds financed by revenue windfalls: the Future Generations Fund (FGF) and the Regional Australia Future Fund (RAFF).

The two funds will receive 80% of any positive receipts variations each year. 75% of these funds will go to the FGF, with the remaining 25% going to the RAFF. Additionally, the RAFF will receive initial seed funding of $5 billion.

Read more

Future Generations Fund and Regional Australia Future Fund

Summary of proposal

The proposal would create two funds financed by revenue windfalls: the Future Generations Fund (FGF) and the Regional Australia Future Fund (RAFF).

The two funds will receive 80% of any positive receipts variations each year. 75% of these funds will go to the FGF, with the remaining 25% going to the RAFF. Additionally, the RAFF will receive initial seed funding of $5 billion.

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Increasing the size of Federal Parliament

Summary of proposal

The proposal would increase the number of Senate and House of Representatives positions by 40, consisting of 16 new Senators (2 per state and territory) and 24 new MPs in the House of Representatives.

The proposal would include additional funding for recurrent and capital expenditure to support the new parliamentarians, including modifications to Australian Parliament House (APH) and on boarding costs.

The proposal would commence on 1 May 2028. 

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Beyond the budget 2024-25: Fiscal outlook and sustainability

Summary of proposal
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Beyond the budget 2024-25: Fiscal outlook and sustainability

Summary of proposal
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Beyond the budget 2024-25: Fiscal outlook and sustainability

Summary of proposal
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Beyond the budget 2024-25: Fiscal outlook and sustainability

Summary of proposal
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Beyond the budget 2024-25: Fiscal outlook and sustainability

Summary of proposal
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