As part of the Government’s commitment to Regional Australia, the Government has allocated $1.4 billion in funding support to local communities. Of this, $1 billion has been provided to the Regional Development Australia Fund (with $573 million of this being subject to the passage of the Minerals Rent Resource Tax).
The Regional Development Australia Fund will fund projects that support the infrastructure needs, and will enhance the economic and community development, of Australia’s regions. Program funds will maximise outcomes through effective partnerships across all levels of government, and the business and not-for-profit sectors. Regional Development Australia committees will play a key role in identifying projects to be supported, and confirming that proposed projects align with their Regional Plans.