Phase out negative gearing and CGT tax concessions for property investors with more than one investment property

Summary of proposal

The proposal would modify the capital gains tax (CGT) discount and negative gearing arrangements as follows:

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Free, universal and high-quality early childhood education and care

Summary of proposal

The proposal would:

  • extend universal access to preschool to 30 hours a week for all 3-year-olds and 4-year-olds
  • provide 50 hours a week of free Early Childhood Education and Care (ECEC) for every child
  • transition to a system that directly funds childcare providers to deliver free, high-quality care for every family.

The proposal would start on 1 July 2025.

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Free, universal and high-quality early childhood education and care

Summary of proposal

The proposal would:

  • extend universal access to preschool to 30 hours a week for all 3-year-olds and 4-year-olds
  • provide 50 hours a week of free Early Childhood Education and Care (ECEC) for every child
  • transition to a system that directly funds childcare providers to deliver free, high-quality care for every family.

The proposal would start on 1 July 2025.

Read more

Free, universal and high-quality early childhood education and care

Summary of proposal

The proposal would:

  • extend universal access to preschool to 30 hours a week for all 3-year-olds and 4-year-olds
  • provide 50 hours a week of free Early Childhood Education and Care (ECEC) for every child
  • transition to a system that directly funds childcare providers to deliver free, high-quality care for every family.

The proposal would start on 1 July 2025.

Read more

Free, universal and high-quality early childhood education and care

Summary of proposal

The proposal would:

  • extend universal access to preschool to 30 hours a week for all 3-year-olds and 4-year-olds
  • provide 50 hours a week of free Early Childhood Education and Care (ECEC) for every child
  • transition to a system that directly funds childcare providers to deliver free, high-quality care for every family.

The proposal would start on 1 July 2025.

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Expand the Better Access Scheme

Summary of proposal

The proposal would expand the Better Access Scheme so that it also includes subsidised access to accredited registered counsellors and registered mental health nurses.

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

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Expand the Better Access Scheme

Summary of proposal

The proposal would expand the Better Access Scheme so that it also includes subsidised access to accredited registered counsellors and registered mental health nurses.

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

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Reduce defence waste

Summary of proposal

The proposal would reduce the overall defence expenditure through the following components:

Component 1: The level of funding for the Net Approved Program - Military Equipment Acquisition would be reduced such that the level of overprogramming returns to 36%.

Component 2: Funding would be reduced by amounts equivalent to the contracted and uncontracted funding for procurement and sustainment associated with:

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Climate change and energy – Electrify and repurpose LNG export terminals into hydrogen and ammonia hubs

Summary of proposal

The proposal would electrify Liquid Natural Gas (LNG) terminals, and support LNG sites to enable green energy and value-added exports.

This would be achieved by setting safeguard baselines to zero for all LNG terminals to force them to electrify their compressors instead of running them on gas.

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Climate change and energy – Electrify and repurpose LNG export terminals into hydrogen and ammonia hubs

Summary of proposal

The proposal would electrify Liquid Natural Gas (LNG) terminals, and support LNG sites to enable green energy and value-added exports.

This would be achieved by setting safeguard baselines to zero for all LNG terminals to force them to electrify their compressors instead of running them on gas.

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