Daniel Mulino (Fraser, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

I move:

That this bill be now read a second time.

Appropriation Bill (No. 4) 2025-26 seeks approval for appropriations from the Consolidated Revenue Fund of $3.5 billion for the 2025-26 financial year. These appropriations will support the following significant items.

The Department of Defence will receive over $2 billion, including $1.5 billion brought forward to support the delivery of capabilities prioritised within the 2024 National Defence Strategy and the 2024 Defence Integrated Investment Program.

The Department of Climate Change, Energy, the Environment and Water will receive $411 million, mainly to fund further voluntary water purchases to support water recovery targets under the Murray-Darling Basin Plan.

The Department of the Treasury will receive over $325 million to provide loans to Housing Australia to support social and affordable housing projects as part of the Housing Australia Future Fund (HAFF), including HAFF round 3, which was announced in the 2025-26 MYEFO.

Full details of the proposed expenditure are set out in the schedule to the bill, the explanatory memorandum, and the portfolio additional estimates statements.

I commend this bill to the chamber.

Debate adjourned.

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