Tax billionaires and future billionaires and make them pay their fair share

Summary of proposal

The proposal would introduce an annual tax levied on high wealth individuals where their wealth exceeded $100 million with the following rates:

  • 5% of the individual’s net wealth between $100 million - $1 billion; and
  • 10% of the individual’s net wealth above $1 billion.

There would be a 10% limit of capital flight per year.

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

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Tax billionaires and future billionaires and make them pay their fair share

Summary of proposal

The proposal would introduce an annual tax levied on high wealth individuals where their wealth exceeded $100 million with the following rates:

  • 5% of the individual’s net wealth between $100 million - $1 billion; and
  • 10% of the individual’s net wealth above $1 billion.

There would be a 10% limit of capital flight per year.

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

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Establish an independent consulting regulator

Summary of proposal

The proposal would establish an independent consulting regulator to enforce ethical standards, maintain a register of professional consultants, and impose penalties for misconduct, strengthening oversight and accountability in the sector.

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

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Establish an independent consulting regulator

Summary of proposal

The proposal would establish an independent consulting regulator to enforce ethical standards, maintain a register of professional consultants, and impose penalties for misconduct, strengthening oversight and accountability in the sector.

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

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Government-owned property developer

Summary of proposal

Under the proposal, the Australian Government would act as a public property developer, building homes and either selling them or retaining them to be rented out.

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Government-owned property developer

Summary of proposal

Under the proposal, the Australian Government would act as a public property developer, building homes and either selling them or retaining them to be rented out.

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Government-owned property developer

Summary of proposal

Under the proposal, the Australian Government would act as a public property developer, building homes and either selling them or retaining them to be rented out.

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Minimum employer superannuation contribution rate for firefighters and paramedics

Summary of proposal

The proposal would amend the Superannuation Guarantee (Administration) Act 1992 to increase the employer superannuation contribution rate for firefighters and paramedics so that the rate is equal to that of Australian Defence Force workers (i.e. superannuation contributions equal to 16.4% of salary).

The proposed policy would start on 1 July 2025.

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Minimum employer superannuation contribution rate for firefighters and paramedics

Summary of proposal

The proposal would amend the Superannuation Guarantee (Administration) Act 1992 to increase the employer superannuation contribution rate for firefighters and paramedics so that the rate is equal to that of Australian Defence Force workers (i.e. superannuation contributions equal to 16.4% of salary).

The proposed policy would start on 1 July 2025.

Read more

Minimum employer superannuation contribution rate for firefighters and paramedics

Summary of proposal

The proposal would amend the Superannuation Guarantee (Administration) Act 1992 to increase the employer superannuation contribution rate for firefighters and paramedics so that the rate is equal to that of Australian Defence Force workers (i.e. superannuation contributions equal to 16.4% of salary).

The proposed policy would start on 1 July 2025.

Read more