Portfolio — 12 May 2026

Assistant Minister Gorman used Budget day media releases across DEWR and PM&C channels to prosecute a multi-pillar reform agenda framed explicitly as a 'budget of reform' reflecting Labor values. The headline structural measures are a $7.5 billion fuel and fertiliser security facility, changes to negative gearing and capital gains tax with grandfathering protections, and a $2 billion land-release fund targeting housing supply.

For workers, the Budget introduces a $250 Working Australians Tax Offset and a $1,000 instant tax deduction, reducing average tax by approximately $2,800 across 13 million workers. The identical fuel-security, housing and tax-offset messages appearing across both DEWR and PM&C releases confirm coordinated portfolio communications on Budget day.