This proposal has three components.

Component 1: Increase Official Development Assistance aid funding annually from 2019-20 on a linear trajectory, in order to reach 0.7 per cent of gross national income by 2029-30.

Component 2: Provide Official Development Assistance climate finance funding of $1,320 million in 2019-20, and $1,600 million ongoing from 2020-21. This amount is additional to the funding increase in Component 1.

Component 3: Establish an independent government agency to oversee Australia’s aid budget and reinstate a Minister for International Development and the Pacific.

The proposal would have effect from 1 July 2019.