The proposal would increase the Australian government’s share of funding for public schools from approximately 20% (some schools are funded at a slightly higher rate) of the Schooling Resource Standard (SRS) in 2023 to 25% in 2028.

The Australian government’s share of the SRS amount for each school would increase in equal proportions between 2024 and 2028.

The policy would commence on 1 January 2024 and would be ongoing.