Additional Greens’ commitments identified by the PBO
This report includes all election commitments identified by the Greens in the list provided to the Parliamentary Budget Officer on the day before polling day.
The Parliamentary Budget Officer has included 26 additional commitments in this report, relative to the list of commitments that was provided by the Greens. Of these additional commitments, 24 have either individual costing minutes or line items in Various capped costings – Australian Greens (ECR600). The commitments Impose penalties for the unlicensed sale of cannabis and End intensive factory farming were incorporated into Safer Drug Use (ECR552) and No More Animal Cruelty (ECR522), respectively.
In total, these additional commitments would decrease the underlying cash balance by $9.3 billion over the forward estimates period and $33.5 billion over the medium term. This is only a small decrease compared to the total impact of the Greens’ platform, which increases payments by $376.6 billion over the forward estimates and $1.5 trillion over the medium term. Eighteen of these additional commitments are payments measures and 2 are receipts measures. The remaining 4 are unquantifiable and are identified below.
The additional Greens’ commitment with the largest fiscal impact is Paid Parental Leave (ECR581), which would increase the maximum Parental Leave Pay entitlement to 26 weeks, increase the payment rate to the parent’s wage up to $100,000 per year, and include superannuation contributions on Parental Leave Pay. This commitment is expected to decrease the underlying cash balance by $6.4 billion over the forward estimates period and $26.8 billion over the medium term.
The additional commitments Ban the import and export of shark fins (ECR570), Cover funeral expenses for members of Youpla Group (ECR571), Legislate the minimum wage at 60% of the full time median wage (ECR580), and Stop companies claiming tax deductions for travel to tax havens (ECR588) are expected to have financial implications but were determined to be unquantifiable by the PBO. The commitment Ban live export of livestock (ECR569) also has an unquantifiable impact in some years.
The Leader of the Greens, Mr Adam Bandt MP, noted the party’s satisfaction with the additional commitments identified by the PBO.