Budget Paper No. 2 — Measures Index (Receipts and Payments)

Source: Budget Paper No. 2: Budget Measures (full PDF, 1.96 MB) — local: source-docs/bp2_2026-27.pdf, text: source-docs/bp2_2026-27.txt Chapter PDFs:

Preliminaries

Part 1 Receipt Measures + Part 2 Payment Measures

Notes

BP2 enumerates every individual measure announced in this Budget. Each measure appears under either Part 1 (Receipts) or Part 2 (Payments), organised by portfolio. This file is the index — for full multi-year cost lines see the source PDF.

Part 1 — Receipt measures (taxes, levies, fees)

Receipt measures are concentrated in the Treasury portfolio (since most tax law sits in Treasury). Other receipt-side portfolios with measures: Cross Portfolio, Health, Defence (estate divestments), Industry, Foreign Affairs, etc.

Major receipt measures called out in BP1 Statement 4 (full detail in BP2 Treasury chapter, p. 11+):

Measure	Direction	Effective	Detail
Working Australians Tax Offset (WATO)	Cost (revenue forgone)	2027-28	$250 offset, ~13M workers — see Theme 04 §4.1.2
$1,000 instant deduction	Cost	2026-27	6.2M workers, avg $205 saving
2026-27 bracket cut (16%→15%)	Cost	1 Jul 2026	All taxpayers in $18,201–$45,000
2027-28 bracket cut (15%→14%)	Cost	1 Jul 2027	All taxpayers in $18,201–$45,000
Medicare levy low-income threshold uplift +2.9%	Cost	1 Jul 2025	>1M low-income Australians
Permanent $20,000 instant asset write-off	Cost	1 Jul 2026	Businesses ≤$10M turnover
Loss carry back	Cost	2026-27	Up to 85,000 companies
Loss refundability for start-ups	Cost	2028-29	~25,000 young firms/yr
R&D Tax Incentive expansion	Cost (net)	1 Jul 2028	$400M/yr extra for young firms
EV FBT discount tapering	Mixed	from 1 Apr 2027	Permanent 25% discount over $75k
CGT 50% discount → CPI indexation + 30% min tax	Revenue raise	1 Jul 2027	Individuals/trusts/partnerships
Negative gearing limited to new builds	Revenue raise	1 Jul 2027	Existing properties grandfathered
30% minimum tax on discretionary trusts	Revenue raise	1 Jul 2028	~840,000 trusts in scope
Fuel excise cut to 20.6c/L for 3 months	Cost	from 1 Apr 2026	$2.9B over 3 months
Heavy vehicle road-user charge → 0	Cost	from 1 Apr 2026	3 months
497 nuisance tariffs abolished	Cost	1 Jul 2026	$157M/yr forgone

Net effect of the personal-tax + investment-tax + trust-tax package: broadly revenue-neutral over the forward estimates (BP1 Statement 4). The CGT/neg-gearing/trust changes back-fund the WATO/IAW deduction/bracket cuts.

Part 2 — Payment measures (by portfolio)

BP2 Part 2 is organised alphabetically by portfolio. Page references are to the BP2 PDF.

Agriculture, Fisheries and Forestry (BP2 p. 53)

Drought, biosecurity, agricultural research and trade-access programs.
Fertiliser supply assurance (linked to Theme 01).

Attorney-General's (BP2 p. 56)

Anti-money-laundering implementation.
National Access to Justice Partnership.
Hate-crime and firearms law package — $36.1M (Bondi response).

Climate Change, Energy, the Environment and Water (BP2 p. 60)

Cleaner Fuels Program — $1.1B (see Theme 01).
Hydrogen Headstart Round 2 — $1B.
Domestic Gas Reservation implementation.
Net-zero transformation programs.

Cross Portfolio (BP2 p. 67)

Whole-of-Government IT and shared services.

Defence (BP2 p. 71+) — see Theme 06

Defence Assistance programs.
AUKUS undersea & nuclear-powered submarine pipeline (up to $130B over 10y).
Surface combatant fleet (Mogami / Hunter) up to $77B.
Henderson Defence Precinct (WA) — initial $12B.
Uncrewed/autonomous systems (Ghost Bat) up to $15B.
Defence and Veterans' Service Commission funding.
Defence Estate Audit Divestments (revenue-side too).

Education (BP2 p. 79+)

Education Portfolio – schools reform (Better and Fairer Schools).
Higher-education reform implementation.
VET sector funding (cross-ref National Skills Agreement, see BP3).

Employment and Workplace Relations (BP2 p. 84+)

Fair Work Commission decisions (junior-pay phase-out, transport-worker fuel adjustment).
$85.2M migrant trades skills assessments (see Theme 03).

Finance (BP2 p. 88+)

Public service efficiency reductions.
External labour spending caps.

Foreign Affairs and Trade (BP2 p. 90+)

ODA program adjustments.
Indo-Pacific support measures.

Health, Disability and Ageing (BP2 p. 94+) — see Theme 02 and Theme 05

Health Agencies, Systems and Data.
Health Protection — RSV vaccine listing $449.3M.
New PBS listings — $5.9B.
Medicare Urgent Care Clinics — $1.8B + $580.2M/yr.
Bulk-billing incentives — $11.4B.
Public hospitals — additional $25B (record $220.3B / 5 years).
Aged care package — $3.7B (see Theme 05).
NDIS reform — $37.8B in savings (Theme 05).
Mental health expansion (incl. $42.9M Bondi response).

Home Affairs (BP2 p. 110+)

Counter terrorism / hate speech / extremism — $604.2M.
Migration program settings (post-points-test reform).
Border force operations.

Industry, Science and Resources (BP2 p. 121+)

Industry, Science and Resources Portfolio – savings.
Boyne Island Aluminium Smelter — $1B.
Whyalla Steelworks — $222.6M.
Critical Minerals Facility — $1B + $150M stockpiling + $20.4M operations + $2.9M international.
AI Accelerator — up to $70M.
$1.5B research institutions (CSIRO, NMI, SKA).

Infrastructure, Transport, Regional Development, Communications, Sport and the Arts (BP2 p. 124+) — see Theme 06

$120B+ rolling 10-year infrastructure pipeline.
Bruce Highway upgrade — $812.5M.
M1 NSW safety — $45M.
Active Transport Fund — $500M / 10y.
Sydney–Canberra rail corridor — $50M.
Suburban Rail Loop East (VIC) — $3.8B (this Budget).
ARTC equity — $1.75B.
Australia Post EV fleet — $40.5M.
$40M EV chargers.

Prime Minister and Cabinet (BP2 p. 130+)

Closing the Gap implementation — $1.2B (see Theme 05).
Indigenous-affairs operational funding.

Social Services (BP2 p. 134+)

Commonwealth Rent Assistance back-to-back uplift.
Youth homelessness — $59.4M.
Foundational Supports (Thriving Kids) — $2B Cwlth share, $5B with state matching.
Aboriginal & Torres Strait Islander women & children safety — $218.3M.
Child Support Scheme improvements — $182.6M.
Children and Families Support program — $171.7M.

Treasury (BP2 p. 139+)

ACCC fuel-price oversight — weekly reporting; $100M maximum competition penalty.
$2B Local Infrastructure Fund (housing supply) — see Theme 02.
ATO operational funding for tax-reform implementation.
ASBFEO trust-restructure support.

Veterans' Affairs (within Defence portfolio in BP3) — see Theme 05

Royal Commission implementation — $583.4M.
Allied health services — $169.7M.

How to navigate BP2 in detail

Each measure entry in BP2 follows a standard format:

Title (e.g. "Negative Gearing and Capital Gains Tax Reform")
One-paragraph description of the measure.
Five-year financial-impact table (2025–26 to 2029–30) for receipts and/or payments by portfolio.
Cross-references to other related measures.

Search the BP2 text mirror for any measure name to jump to its full description and cost lines.