Summarised even more
Summarised even more
Economic Management
Delivered $22.1 billion (2022-23) and $15.8 billion (2023-24) budget surpluses, largest back-to-back surpluses on record
Improved fiscal position by $209 billion over three years, gross debt $188 billion lower than forecast
Created 1.2 million jobs since 2022, strongest employment growth among major advanced economies
Real wages grew for eight consecutive quarters, longest run in almost a decade
Minimum wage earners earning $175+ per week more than May 2022
Inflation fell to 2.4% (December 2024) from 6.1% inherited, within RBA target band
Unemployment at 4.3% (November 2025), one of lowest rates in 50 years
AAA credit rating reaffirmed, ranked 3rd in G20 for budget balance (up from 14th in 2021)
$22.7 billion Future Made in Australia investment catalysing $100 billion+ private investment
$15 billion National Reconstruction Fund operational, first $40 million investment announced
Healthcare
6 million additional bulk-billed GP visits between November 2023-December 2024
National bulk billing rates rose from 75% to 77.5%, with 90% of children's GP visits bulk billed
87 Medicare Urgent Care Clinics delivered 1 million free visits by December 2024
$15.1 billion aged care worker pay rises (15% from July 2023, further increases from January 2025)
3.6 million additional minutes of care daily in residential aged care
83,000 new Support at Home packages in 2025-26, largest single-year increase
61 Medicare Mental Health Centres by mid-2026 providing free walk-in care
Over 7 million vaping products seized under world-first anti-vaping laws
$1.7 billion additional hospital funding in 2025-26 (12% increase to record $33.91 billion)
1,750 trainee GPs in 2025, one-third specialising in rural medicine
Over $400 million in NDIS fraud prevented
Housing
$32 billion+ invested across housing programmes
$10 billion Housing Australia Future Fund delivering 55,000 homes by mid-2029
93,000+ Australians helped into home ownership since 2022
Over 180,000 buyers assisted through Home Guarantee Scheme (unlimited from October 2025)
$6.3 billion Help to Buy scheme saving buyers $900-$1,200 per month
1.2 million homes target through National Housing Accord
4,675 housing construction apprentices supported in first three months
26,000+ homes fast-tracked through planning reforms
15% increase in Commonwealth Rent Assistance (largest in 30 years), benefiting nearly 1 million households
$1 billion for crisis accommodation (20x more than previous government over a decade)
Foreign investment penalties increased sixfold for vacant properties
Workplace Rights
Criminalised wage theft from 1 January 2025 (up to 10 years jail, $7.85 million fines)
Closed labour hire loopholes delivering $15,600-$35,000 wage increases for coal miners, up to 42% for meat processors
Right to disconnect from August 2024, reducing unpaid overtime by 33% (from 5.4 to 3.6 hours weekly)
10 days paid family and domestic violence leave from February 2023
Expanded Paid Parental Leave to 26 weeks by 2026, with 12% superannuation from July 2025
Payday superannuation from 1 July 2026, addressing $6.2 billion in unpaid super
World-leading gig economy protections setting minimum standards
Implemented all 55 Respect@Work recommendations
Protected parental leave after stillbirth or infant death
Prohibited pay secrecy clauses
Wages growing at 4% annually (highest in 15 years), 2.62 million employees covered by agreements (highest since 2014)
Climate & Environment
Legislated 43% emissions reduction by 2030 and net zero by 2050 (September 2022)
Approved 77 renewable energy projects powering 10+ million homes
Protected 52% of Australia's oceans, first country to exceed 50%
Quadrupled Heard and McDonald Islands Marine Park (310,000 square kilometres added)
Passed Environment Protection Reform Bill, establishing National EPA (commencing 1 July 2026)
Reformed Safeguard Mechanism targeting 200 million tonnes emissions reduction by 2030
$262 million national parks restoration creating 110 new jobs
$76 million Saving Koalas Fund, 5,000 hectares restored, 250,000 trees planted
Reformed Petroleum Resource Rent Tax, increasing receipts by $2.4 billion
$4 billion Hydrogen Headstart and $6.7 billion Hydrogen Production Tax Incentive
$500 million Driving the Nation Fund establishing 117 EV charging stations
New Vehicle Efficiency Standard targeting 60% emissions reduction by 2030
Capacity Investment Scheme delivered 6.4 gigawatts (enough for 3 million homes)
Recovered 286 gigalitres Murray-Darling environmental water (vs 2 gigalitres under previous government)
Education
All public schools on path to full Gonski funding, $16.5 billion over 10 years
$20 billion student debt relief through indexation fixes and 20% debt cut for 3+ million Australians
15% pay rise for 200,000 early educators with fee caps protecting families
Fee-Free TAFE delivered 568,400 enrolments, now permanent from 2027 (100,000 places annually)
Commonwealth Prac Payment supporting 68,000 students in teaching, nursing, midwifery, social work
National Student Ombudsman established with $19.4 million
Teacher numbers up 2.8% to 320,377, student-to-teacher ratio lowest since 2006
Uncapped Commonwealth Supported Places for Indigenous medical students
Gender Equality
Gender pay gap reduced to 11.5% (lowest on record), women's earnings up $173.80 per week
$925.2 million Leaving Violence Programme (up to $5,000 support), helping 45,000+ Australians
$573.3 million women's health package (first new contraceptive pills on PBS in 30 years)
Superannuation on Paid Parental Leave from July 2025, $1.1 billion investment
First majority-woman federal ministry, record 54% women on government boards (up from 33.4% in 2009)
4,000 homes in Housing Australia Future Fund for women fleeing violence
$400 million annually for homelessness services (doubled)
Cost of Living
PBS maximum script price cut from $42.50 to $30, $1.1 billion in savings, 66 million free prescriptions
Mandatory supermarket code from April 2025 (penalties up to $10 million or 10% turnover)
Price gouging banned from July 2026
$300 energy bill relief for households, $325 for small businesses
Tax cuts from July 2024: person earning $75,000 receives $1,554 annually
Childcare subsidies increased to 90% maximum for families earning $80,000 or less
Three Day Guarantee from January 2026 (72 hours subsidised care regardless of work)
Home Guarantee Scheme unlimited from October 2025, Sydney cap increased to $1.5 million
Single Parenting Payment age cut-off increased from 8 to 14 years ($1.9 billion, 57,000 parents)
JobSeeker increased 21%, additional $135 per fortnight for single recipients
Integrity
National Anti-Corruption Commission operational July 2023 (74 active investigations, 10 convictions)
Administrative Review Tribunal replaced politicised AAT (October 2024), merit-based appointments
Tax integrity reforms increased maximum fines from $7.8 million to $780 million
Electoral reform: real-time donation disclosure, $1,000 threshold, $20,000 annual donation cap
New ministerial code prohibiting blind trusts, requiring divestment of conflicted interests
Foreign Policy
Restored China relations worth $20 billion in annual trade, record bilateral trade of $312 billion in 2024
Wine exports to China recovered from $14 million (2023) to $877 million (2024)
Secured Trump administration AUKUS endorsement and $8.5 billion critical minerals agreement
Commenced domestic missile production (December 2025), 4,000 rounds annually from 2029
Record $2 billion annual Pacific development assistance
3,000 Pacific Engagement Visas annually (first permanent migration pathway)
Defence spending increased by $50.3 billion over decade, reaching $100 billion by 2033-34 (over 2.3% GDP)