The homebuyer will need to have a deposit of 2 per cent and qualify for a standard home loan with a participating lender to finance the remainder of the purchase.

In the recent budget the Coalition invested over $525 million to make medicines more affordable for 2.4 million Australians by lowering the PBS Safety Net threshold from 1 July 2022, benefiting concession card holders and general patients. 

Morrison government's commitment provides certainty to millions of workers, retirees and to every small business in Australia.

Mr Gutwein would remain Premier until the Liberal Party elected his replacement later this week.

Indian International Students visa will be extended from two to three years post-study in Science, Technology, Engineering or Mathematics (STEM) and information and communications technology (ICT) sectors and 1000/year working holiday visas will be granted.

While we are obviously distressed at the terrible situation in Europe, our focus, of course, is always very much on what is occurring in the Indo-Pacific and ensuring that those events could never occur here in the Indo-Pacific."

Premier Malinauskas is yet to reveal other members of his cabinet, though most who served on his front bench during opposition are expected to retain their roles.

This virtual summit will lay the way forward on new initiatives and enhanced cooperation in a diverse range of sectors between India and Australia.

Economists expect annual inflation could reach as high as five per cent compared with 3.5 per cent now.

A temporary exemption and deadline extensions for workers required to receive three doses of the COVID-19 vaccine were also declared.