This proposal has two components related to environmental protection.

Component 1: Reef funding

This component would return to the Commonwealth Government all uncontracted funding, including that committed but not yet contracted, from the $443.4 million grant provided to the Great Barrier Reef Foundation in 2017‐18.  The returned funding would be expensed by 30 June 2024 on the following activities.

This proposal has two components related to environmental protection.

Component 1: Reef funding

This component would return to the Commonwealth Government all uncontracted funding, including that committed but not yet contracted, from the $443.4 million grant provided to the Great Barrier Reef Foundation in 2017‐18.  The returned funding would be expensed by 30 June 2024 on the following activities.

This proposal has two components related to environmental protection.

Component 1: Reef funding

This component would return to the Commonwealth Government all uncontracted funding, including that committed but not yet contracted, from the $443.4 million grant provided to the Great Barrier Reef Foundation in 2017‐18.  The returned funding would be expensed by 30 June 2024 on the following activities.

This proposal has two components related to environmental protection.

Component 1: Reef funding

This component would return to the Commonwealth Government all uncontracted funding, including that committed but not yet contracted, from the $443.4 million grant provided to the Great Barrier Reef Foundation in 2017‐18.  The returned funding would be expensed by 30 June 2024 on the following activities.

This proposal consists of 11 components. Departmental expenses for the components are included in capped amounts, unless otherwise specified.

Component 1 – Department of the Environment and Energy

Under this proposal the Commonwealth Government would provide concessional loans to state and territory governments, excluding the Australian Capital Territory (ACT), to facilitate the replacement of the existing stamp duty on sales of residential and non‐residential properties with a broad‐based land tax.

From 1 July 2023, property acquisitions would not be liable for stamp duty, but would instead be liable for an ongoing land tax.

Under this proposal the Commonwealth Government would provide concessional loans to state and territory governments, excluding the Australian Capital Territory (ACT), to facilitate the replacement of the existing stamp duty on sales of residential and non‐residential properties with a broad‐based land tax.

From 1 July 2023, property acquisitions would not be liable for stamp duty, but would instead be liable for an ongoing land tax.

The proposal has three components.

Component 1 – Phase out the capital gains tax discount

This proposal has five components.

Component 1 – Federal Housing Trust

This proposal would introduce a new mining super‐profits tax on minerals projects in Australia that is based on the former minerals resource rent tax but includes some important differences in design. The proposed mining super‐profits tax would be levied at 40 per cent of the net value of mine revenue, minus expenses.