Our economic plan will deliver low inflation, by cutting wasteful spending, reducing red tape and protecting consumers and small businesses from corporations or union bosses who misuse their power.
O U R P L A N T O
GET AUSTRALIA BACK ON TRACK
We are the Liberal Party. We believe in families – whatever their composition. Small and micro-businesses.
For the aspirational hard-working ‘forgotten people’ across the cities, suburbs, regions and in the bush.
LOW INFLATION
We need to tackle inflation. Under Labor, Australia’s inflation has been consistently higher than most major advanced economies.
CHEAPER ENERGY
Labor’s ‘renewables only’ policy continues to drive-up power prices.
Electricity and gas prices have gone up by 32 per cent (without rebates) and 34 per cent respectively (as at August 2024).
AFFORDABLE HOMES
We will unlock up to 500,000 new homes by funding essential infrastructure like water, power, and sewerage at housing development sites.
We will incentivise first home buyers.
With low inflation, we will reduce pressure on interest rates.
We will rebalance our migration system and put a two-year ban on foreign investors buying existing Australian homes.
We will stop the lawless CFMEU holding the building industry to ransom.
SAFER COMMUNITIES
Our plan will invest more in stronger defence and border security.
We’ll tighten bail laws and deport non-citizens who commit violent crimes.
We will work with the states and territories to implement tougher knife laws and tighter bail laws.
And we’ll enhance online safety for our children.
MORE OF OUR PLAN
WE WILL SUPPORT SMALL BUSINESSES
Small businesses are the lifeblood of our communities.
Peter Dutton has run a small business. The Coalition understands small business.
A Liberal and Nationals Government will extend the value of assets eligible for the instant asset write-off to $30,000 and make this ongoing for small businesses.
This will simplify depreciation for millions of small businesses by cutting red tape, boosting investment in productive assets, lowering business costs and prices.
We will also remove the complexity and hostility of Labor’s industrial relations agenda which is putting unreasonable burdens on businesses.
We will revert to the former Coalition Government’s simple definition of a casual worker and create certainty for our 2.5 million small businesses.
We will stand up for suppliers and farmers against anti-competitive behaviour in the supermarket and hardware sectors. This includes stronger penalties, including divestiture powers as a last resort, to address serious allegations of land banking, anti-competitive discounting, and unfairly passing costs onto suppliers.
WE WILL INCREASE WORKFORCE PARTICIPATION
While reducing migration numbers to ease pressure on housing, a Coalition Government will encourage thousands of people to engage more in the labour market.
We recommit to increasing the amount older Australians and veterans can work without reducing pension payments.
We will double the existing work bonus from $300 per fortnight to $600.
It’s estimated this will benefit over 80,000 pensioners and veterans who choose to work.
Pensioners will continue to accrue unused pension work bonus amounts up to a maximum of $11,800 which can exempt future earnings from the pension income test.
We will also lift the number of hours those on student visas can work by 12 hours a fortnight.
WE WILL DELIVER BETTER HEALTHCARE
A Liberal and Nationals Government will restore the number of Medicare-subsidised psychological sessions from 10 to 20 on a permanent basis.
We will invest in best-practice women’s health, including endometriosis.
Concerningly, Australia is facing a looming shortage of GPs – some 11,000 by 2031.
We need more GPs – especially in our suburbs and regional areas.
Junior doctors who enter general practice earn about three-quarters of the salary of their counterparts in hospitals.
Working with the Royal Australian College of General Practitioners and Australian Medical Association, a Coalition Government will invest $400 million to provide junior doctors who train in general practice with incentive payments, assistance with leave entitlements, and support for pre-vocational training.
We also want better outcomes for Indigenous Australians.
Led by Senators Liddle and Nampijinpa Price, we will provide practical solutions to improve education, health and safety outcomes for indigenous women and children – especially in our most disadvantaged remote communities.
WE WILL BOOST DEFENCE
Strenuous efforts are needed to maintain peace and deter acts of aggression – like those recently aimed at our Navy and Air Force.
In this critical period of risk, the Coalition will offer strong leadership backed by significant investment in defence.
We will reprioritise funding Labor has provided for Canberra public servants and make an additional investment in Defence to rapidly enhance the capability of our men and women in uniform.
We’re working with leaders in defence industry to identify projects and investments that can be made in Australia to keep us safe in an uncertain world.