The Opposition leader also announced $10 billion would go towards a once-off cost of living tax offset. The tax break would be applied to those earning up to $144,000, and calculated to deliver up to $1,200 back at the end of the financial year.

Dutton says Australia faces a ‘pivotal election’

“We must become a more resilient, self-reliant, resourceful, and robust country,” Dutton said, adding that a Coalition government would “revive our national self-confidence”.

Former prime minister John Howard (pictured shaking Peter Dutton’s hand) was among the former leaders to attend the Coalition campaign launch. Source: AAP / Mick Tsikas

He said Australia would become a “nuclear-powered nation” under the Coalition, claiming the technology would lower power prices for consumers — a claim , at least in the short term.

“It’s a necessary investment in our security, in deterring aggression, and in maintaining peace,” he said.

Albanese wants to give young Australians a ‘fair crack’ at purchasing a home

“We want Australians to be able to afford a home where they want to live — close to their family, friends, work and community,” Albanese said.

From left to right: Home Affairs Minister Tony Burke, Foreign Affairs Minister Penny Wong, former prime minister Julia Gillard, and Finance Minister Katy Gallagher at Labor’s 2025 federal election campaign launch on Sunday. Source: AAP / Lukas Coch

Albanese said the $1,000 “instant tax deduction” for work-related expenses would be help people avoid missing out on claims they’re entitled to and prevent them from paying more tax than they should.

“If you’re in a job where you spend more than $1,000 each year on your uniform or equipment, you can still claim a higher deduction in the usual way,” he said.