The proposal has 4 components, all of which would start from 1 July 2022.

Component 1 would reduce annual departmental spending by the Department of Defence (DoD) and Australian Signals Directorate (ASD) on a steady, linear trajectory to 1.5% of nominal gross domestic product (GDP) by 2025-26, including expenditure on peace-building programs.

Component 2 would require DoD to develop a climate-security white paper or strategic planning and implementation document to inform a coordinated and large-scale response to climatechange risks.

Component 3 would ban military advertisements and aim to promote peace through 4 parts.

• Part 1 would ban proactive enrolment programs by the Australian Defence Force (ADF) and redirect the associated expenses to peace-based education initiatives.
• Part 2 would ban all advertising by weapons manufacturers.
• Part 3 would:
  • a) scrap the $498 million Australian War Memorial (AWM) Development Project
  • b) ban arms manufacturers and corporate sponsorship of the AWM.
• Part 4 would invest $10 million across the forward estimates to promote peace and the importance of non-violent conflict resolution in national institutions.

Component 4 would use the current DoD budget to establish a Parliamentary Defence Office, which would be 1/3 the size of the Parliamentary Budget Office (PBO).