2023-2024 Federal Budget - Environment

Essential Parliamentary monitoring, direct from Canberra's press gallery by LexisNexis® Capital Monitor™

Environment

National Water Grid Fund - addressing legacy projects

The Government will achieve savings of $872.5 million over 11 years from 2022-23 through responsible investment decisions on National Water Grid Fund projects, including not proceeding with:

Budget Paper No 2 p 74
Regional Ministerial Budget Statement p 27
Media Release

Natural Heritage Trust - project funding

The Government will allocate $741.3 million over 5 years from 2023-24 from the Natural Heritage Trust special account to support local and long-term environmental and agricultural outcomes. Funding includes:

Budget Overview p 34
Budget Paper No 2 p 76

Regional Ministerial Budget Statement p 25
Media Release

Protecting Australia's Iconic National Parks

The Government will provide $355.1 million over 4 years from 2023-24 (and $68.0 million per year ongoing) to protect Commonwealth National Parks and marine reserves and deliver critical infrastructure funding for the Mu.itjulu community, home to the Traditional Owners of Ulu.u-Kata Tju.a National Park. Funding includes:

Budget Overview p 34
Budget Paper No 2 p 79

Regional Ministerial Budget Statement p 26
Media Release

Flood Warning Infrastructure Network Remediation

The Government will provide $236.0 million over 10 years from 2023-24 (and $13.9 million per year ongoing from 2032-33) to remediate high-priority flood warning infrastructure and address critical reliability risks. The Bureau of Meteorology will acquire, upgrade and integrate local and state government-owned rain and river gauges into its existing flood warning network. Partial funding for this measure will be held in the Contingency Reserve until cost-sharing arrangements for the ongoing maintenance of these assets are agreed with states and territories.

Budget Overview p 34
Budget Paper No 2 p 69

Regional Ministerial Budget Statement p 27
Media Release

Nature Positive Plan - better for the environment, better for business

The Government will provide $214.1 million over 4 years from 2023-24 (and $4.5 million per year ongoing) to deliver the Nature Positive Plan: better for the environment, better for business (Nature Positive Plan), including:

The Government will delay the start date of the biodiversity certificate component of the 2022-23 March Budget measure titled Primary Producers - increasing concessional tax treatment for carbon abatement and biodiversity stewardship income from 1 July 2022 to 1 July 2024. This delay will align the start date of this component of the measure with the commencement of the Nature Repair Market. The Government will also expand the eligibility criteria for existing on-ground support programs that build capacity and support participation in carbon and biodiversity markets to include all landholders and, by broadening access to these funds, to more organisations beyond Natural Resource Management groups, including First Nations groups. The Government will consider future funding for the Nature Positive Plan when initial establishment work has been completed and ongoing administrative and operational requirements are better understood.

Budget Paper No 2 p 77

Regional Ministerial Budget Statement p 26
Building a clean energy future Fact Sheet
Media Release

Securing the Future of Australia's Marine Science

The Government will provide $163.4 million over 4 years from 2023-24 (and $43.5 million per year ongoing) to secure the future of the Australian Institute of Marine Science (AIMS), addressing its ongoing financial sustainability. Funding includes:

Budget Paper No 2 p 80
Regional Ministerial Budget Statement p 26

Future-proofing the Murray-Darling Basin

The Government will provide $148.6 million over 4 years from 2023-24 towards the sustainability of the Murray-Darling Basin (Basin). Funding includes:

This measure builds on the 2022-23 October Budget measures titled Murray-Darling Basin Plan - compliance and science and Murray-Darling Basin - delivering on water commitments.

Budget Overview p 34
Budget Paper No 2 p 69

Regional Ministerial Budget Statement p 27
Media Release

Urban Rivers and Catchments Program - additional funding

The Government will provide additional funding of $118.5 million over 6 years from 2023-24 for the Urban Rivers and Catchments Program to fund projects to improve local waterways, fund activities that restore the natural habitats of aquatic species and create recreational spaces for local communities. The additional funding will deliver the next phase of the program. This measure will be partially offset by reprofiling funding from the 2022-23 October Budget measure titled Next Phase of Natural Heritage Trust Funding.

Budget Overview p 34
Budget Paper No 2 p 81

Regional Ministerial Budget Statement p 26
Media Release

Climate Change, Energy, the Environment and Water - reprioritisation

The Government will redirect $113.1 million over 8 years from 2022-23 across the Climate Change, Energy, the Environment and Water portfolio to fund portfolio policy priorities. Redirected funding includes:

Budget Paper No 2 p 67

Sydney Harbour Federation Trust - infrastructure improvements

The Government will provide additional funding of $45.2 million over two years from 2023-24 to continue the renewal and repair of heritage-listed infrastructure and undertake public safety improvements at North Head Sanctuary and Cockatoo Island. The additional funding will support work to address the critical backlog of repair work at the North Head Sanctuary and Cockatoo Island. The Government will consider future funding for the measure titled Sydney Harbour Federation Trust - infrastructure improvements when longer-term delivery plans for the Sydney Harbour Federation Trust Strategic Asset Management Plan are known.

Budget Paper No 2 p 81
Media Release

Aviation Meteorological Services Charging Reform

The Government will save $43.2 million over 4 years from 2023-24 (and $11.7 million per year ongoing) by increasing the Meteorological Services Charge for international and domestic commercial aviation operators to ensure essential aviation meteorological services are appropriately funded. This measure will deliver $50.2 million over 4 years from 2023-24 in additional revenue (and $14.4 million per year ongoing) from the aviation sector. The Government will also provide $7.1 million over 4 years from 2023-24 (and $2.8 million per year ongoing) to the Bureau of Meteorology to maintain and strengthen its capability to provide aviation meteorological services.

Budget Paper No 2 p 65

National Climate Adaptation and Risk Program

The Government will provide $28.0 million over two years from 2023-24 to develop Australia's first National Climate Risk Assessment and a National Adaptation Plan to understand the risks to Australia from climate change, invest in a plan to adapt to those risks, and commission an independent review of the Australian Climate Service. The cost of this measure will be partially met from savings identified in the 2023-24 Budget measure titled Climate Change, Energy, the Environment and Water - reprioritisation. This measure builds on the 2022-23 October Budget measure titled Commonwealth Climate Risk and Opportunity Management Program. The Government will consider future funding for the National Climate Adaptation and Risk Program when the National Climate Risk Assessment and a National Adaptation Plan are developed.

Budget Overview p 34
Budget Paper No 2 p 73

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