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Australian Government Coat of Arms

Budget | 2015-16

Budget 2015-16
Australian Government Coat of Arms, Budget 2015-16

A vision for the north and our regions

The Government is encouraging businesses to invest, expand and create jobs in Australia’s regions

Northern Australia

A strong north means a strong nation.

The Government will establish a $5 billion Northern Australia Infrastructure Facility that will be available for major infrastructure projects like ports, railways, pipelines and electricity generation.

We will also provide $100 million to improve the roads and supply chains involved in getting cattle to market.

The Government is working to finalise its plan for the north. The first ever White Paper on Developing Northern Australia will be released later this year.

National Stronger Regions Fund

The $1 billion National Stronger Regions Fund commenced rollout in 2014, selecting the best of over 400 projects from across the country.

As part of the first round of funding, announced in May 2015, over $210 million was made available for 51 projects. Round Two is expected to open in May 2015.

The fund will enhance the economic growth, activity and output of our regions and sustain these gains into the future. The Guidelines are currently under review for Round Two.

Growing, and investing in, Tasmania

The Government is delivering on creating a stronger, more competitive Tasmanian economy.

The Government has invested $60 million in Tasmanian irrigation schemes and a further $203 million to expand the Tasmanian Freight Equalisation Scheme to include exports.

These schemes will generate jobs and help Tasmanian businesses to be more competitive in global markets.

Opportunities for Regional Australia
This graphic highlights the potential and opportunities in regional Australia. On the left is a picture of a ship with the statistic ‘about 2/3 of export earnings are from regional areas.  In the middle is a picture of Australia with the statistic ‘Nearly 7 million Australians live in rural and regional areas’.  The picture on the right says ‘Regional Australia has a diverse range of industries such as: Agriculture, Tourism, Resources, Retail & Services, and Manufacturing’.