The proposal would increase the single maximum base payment rate to $88 per day for payments specified below:

• JobSeeker Payment
• Parenting Payment
• Age Pension
• Carer’s Payment
• Disability Support Pension
• Farmhouse Allowance
• ABSTUDY
• AUSTUDY
• Youth Allowance
• Crisis Payments.

In addition, the following changes would apply.

• The partner rate would be 75% of the new single rate (each member of a couple would have a maximum base rate of 75% of the single rate) unless this is lower than the earlier partner rate (in which case those recipients are grandfathered).
• Supplementary payments (primarily the Energy Supplement and the pension supplement) would be incorporated into the base income support payment rates.
• There would be no change to existing Commonwealth Rent Assistance arrangements.
• Income support payments would be indexed twice per year to the higher of average weekly earnings (AWE) and consumer price index (CPI).
• The payment rates of all payments would be benchmarked every six months (at the same time as indexation) against the Melbourne Institute’s Poverty Lines (single person, in workforce, including housing costs - $612.65 per week for the September 2021 Quarter).
• The partner income test taper rate would reduce from 60 cents to 27 cents per dollar of income.
• The income free area for all payments would be set to $300 per fortnight. For each dollar of income above $300 per fortnight, payment will be reduced by 60 cents. 
• An additional disability and illness supplement would apply to people with a disability or illness that prevents them from undertaking full-time paid work. This should include everyone with a partial capacity to work on JobSeeker or other payments. The value of the supplement would not be assessable income for determining income support entitlements and would be indexed twice per year to the higher of AWE and CPI. The initial rate of the supplement is to be set at a rate of $50 per week for singles and $155 per week for couples.
• Families, including single parents would still be eligible for FTB payments and supplements as under the current system.

The following requirements would be removed:

• mutual obligations
• the liquid assets waiting period
• the one week waiting period • the third-party verification claim
• the parental income and asset test for those not living at home (those living at home would still be subject to it).

The newly arrived residents' waiting period would be reduced to a maximum of six months.

The age of eligibility of JobSeeker would be lowered to 18.

The number of Centrelink staff would be increased by 5,000 permanent ongoing staff.

Under the proposal no income support recipient would be worse off (grandfathering provisions would be enacted if required).

The proposal has a start date of 1 July 2023.