The proposal would make changes to school funding with 7 components.

• Component 1 would increase funding to all government schools to 25% of the Schools Resourcing Standard (SRS). Funding would be indexed to the wage price index (WPI) or the consumer price index (CPI), whichever is higher.
• Component 2 would replace out-of-pocket school fees paid by parents and guardians of publicschool students with additional government funding. Funding is indexed in line with the SRS.
• Component 3 would wind back public funding to non-government schools. This involves phasing out non-government school funding in excess of the SRS by 1 January 2025 and abolishing the Choice and Affordability Fund.
• Component 4 would increase funding of the Capital Grants Program to $400 million per year and redistribute that funding. There would be additional departmental expenses associated with this component.
• Component 5 would provide $10 million over four years to co-design a National Inclusive Education Transition Plan for students with a disability.
• Component 6 would provide funding for all schools in Australia to purchase and install an air ventilation system and high-efficiency particulate air (HEPA) filter in each classroom and indoor communal space (such as libraries and break rooms).
• Component 7 would provide funding for all schools to purchase and install a carbon dioxide (CO2) monitor in each classroom and indoor communal space.

Both Components 6 and 7 would be fully implemented within the first year of the commencement of the policy. This proposal would provide funding for purchasing and installing the required equipment and would not cover any operating or maintenance costs.

All components would have effect from 1 July 2022 with Components 1 and 2 being achieved by 1 January 2023.