Treasurer Dr Jim Chalmers spoke about the need to invest in the economy, specifically the green economy, by onshoring clean energy manufacturing, and turning Australia into a “renewable energy superpower.”
Among the cost-of-living measures announced was a non-means-tested AU$300 (US$199.34) energy bill rebate for all households and AU$325 for small businesses over the next financial year, paid quarterly.
Meanwhile, the Labor government’s plan, Future Made in Australia, will see AU$22.7 billion invested over the next ten years aimed at maximizing “the economic and industrial benefits of the international move to net zero.”