The proposal would provide $20 billion of equity equally over 3 years, from 1 January 2023 to 31 December 2025 to create a new public non-financial corporation, which would be:

• responsible for building, managing and operating the Australian Energy Market Operator Integrated System Plan transmission network
• mandated to earn a rate of return that is sufficient to cover its financial and operational costs.

The proposal would provide $20 billion of equity equally over 3 years, from 1 January 2023 to 31 December 2025 to create a new public non-financial corporation, which would be:

• responsible for building, managing and operating the Australian Energy Market Operator Integrated System Plan transmission network
• mandated to earn a rate of return that is sufficient to cover its financial and operational costs.

The proposal would provide $20 billion of equity equally over 3 years, from 1 January 2023 to 31 December 2025 to create a new public non-financial corporation, which would be:

• responsible for building, managing and operating the Australian Energy Market Operator Integrated System Plan transmission network
• mandated to earn a rate of return that is sufficient to cover its financial and operational costs.

The proposal would provide $20 billion of equity equally over 3 years, from 1 January 2023 to 31 December 2025 to create a new public non-financial corporation, which would be:

• responsible for building, managing and operating the Australian Energy Market Operator Integrated System Plan transmission network
• mandated to earn a rate of return that is sufficient to cover its financial and operational costs.

The proposal would provide $20 billion of equity equally over 3 years, from 1 January 2023 to 31 December 2025 to create a new public non-financial corporation, which would be:

• responsible for building, managing and operating the Australian Energy Market Operator Integrated System Plan transmission network
• mandated to earn a rate of return that is sufficient to cover its financial and operational costs.

The proposal involves two components:

Component 1: Battery precinct equity investment

The proposal would provide a $100 million equity investment ($50 million in 2022-23 and $50 million in 2023-24) to a successful applicant in a competitive tender for the establishment of a battery precinct. The battery precinct would see local manufacture of batteries via a larger existing manufacturer. The precinct would also become home to SMEs currently undertaking work in the sector.

The proposal involves two components:

Component 1: Battery precinct equity investment

The proposal would provide a $100 million equity investment ($50 million in 2022-23 and $50 million in 2023-24) to a successful applicant in a competitive tender for the establishment of a battery precinct. The battery precinct would see local manufacture of batteries via a larger existing manufacturer. The precinct would also become home to SMEs currently undertaking work in the sector.

The proposal involves two components:

Component 1: Battery precinct equity investment

The proposal would provide a $100 million equity investment ($50 million in 2022-23 and $50 million in 2023-24) to a successful applicant in a competitive tender for the establishment of a battery precinct. The battery precinct would see local manufacture of batteries via a larger existing manufacturer. The precinct would also become home to SMEs currently undertaking work in the sector.

The proposal involves two components:

Component 1: Battery precinct equity investment

The proposal would provide a $100 million equity investment ($50 million in 2022-23 and $50 million in 2023-24) to a successful applicant in a competitive tender for the establishment of a battery precinct. The battery precinct would see local manufacture of batteries via a larger existing manufacturer. The precinct would also become home to SMEs currently undertaking work in the sector.

The proposal would restore the role of the Climate Change Authority (CCA), while keeping decision-making and accountability with government and introducing an annual Parliamentary reporting system for the relevant Minister. Resourcing would be adjusted within the relevant Ministerial portfolio to ensure the proposal would have no impact on the Australian Government Budget.

The proposal is ongoing and would be in effect from 1 July 2022.