Chalmers Unveils $2 Billion ‘Fuel Safety Net’ Treasurer Jim Chalmers has introduced two bills to provide the government with rapid access to funding for fuel security. A new $2 billion provision allows for urgent situations without prior parliamentary approval. This mechanism, totaling $800 million in the first bill and $1.2 billion in the second, acts as a safety net for the next three months.

• Two bills introduced for rapid access to fuel security funding.
• A new $2 billion provision for urgent situations.
• Mechanism allows appropriations from Consolidated Revenue Fund for urgent, unforeseen fuel measures.
• The safety net covers the next three months until the end of the financial year.
• The package includes $800 million and $1.2 billion across the two bills.