Overview

• An unredacted table of contents from Treasury’s incoming government brief was accidentally provided to the ABC under a Freedom of Information request and published on July 13
• The advice cautions that the budget cannot be made sustainable without raising revenue through measures such as indirect and superannuation taxes alongside targeted spending cuts
• Treasury officials flagged that the commitment to build 1.2 million homes by mid-2029 is off track and recommended adjusting the target and reprioritizing housing policies
• The brief outlines crisis-scenario modelling for events like a loss of confidence in the US dollar and threats to Federal Reserve independence, accompanied by response frameworks
• Treasurer Jim Chalmers has downplayed the error, reiterated his housing pledge and confirmed an August productivity roundtable to explore broad tax-reform options