The proposal would abolish all foreign aid payments except for short term humanitarian relief following natural disasters. 

The proposal would also withdraw Australia's membership and cease capital contributions and funding to the: 

• Asian Development Bank (ADB)
• Asian Infrastructure Investment Bank (AIIB)
• European Bank for Reconstruction and Development (EBRO)
• World Bank Group (WBG)
• International Monetary Fund (IMF).

This proposal would have effect from 1 July 2017. 

The request sought medium term estimates to 2026-27.