This proposal has two components related to environmental protection.

Component 1: Reef funding

This component would return to the Commonwealth Government all uncontracted funding, including that committed but not yet contracted, from the $443.4 million grant provided to the Great Barrier Reef Foundation in 2017‐18.  The returned funding would be expensed by 30 June 2024 on the following activities.

• A minimum of $45 million for the Great Barrier Reef Marine Park Authority to expend on their own activities.
• A minimum of $45 million to the Australian Institute of Marine Science.
• A minimum of $200 million to improve farming practices and repair reef catchments, and setting legal caps on water pollution by catchment.

Funding would be spread evenly over five years.  If the total unspent funds from the Foundation exceeded the minimum amounts specified, any remaining funds would be spread evenly across the three activities.

Component 2: End deforestation

• Element 1: Negotiate with the states and territories to end native clearing.  The Commonwealth Government would not fund any compensation payments to affected landholders.
• Element 2: Provide $20 million from 2019‐20 to 2022‐23 to fund the research and development of sustainable wood products.  Departmental expenses would be included within this capped amount.

The proposal would commence on 1 July 2019.