The Commonwealth Government will commit an additional $100 million in new funding for the Reef Trust to support the implementation of the historic Reef 2050 Long Term Sustainability Plan for the protection and management of the Great Barrier Reef.
Last year, the Coalition delivered on its commitment to establish a $40 million Reef Trust which has already funded important work to protect the Great Barrier Reef.
The additional $100 million in funding for the Reef Trust will be used to tackle key challenges facing the Reef, in particular projects to improve water quality. This will now lift the Reef Trust to $140 million in value, with the overall investment by governments in the Reef exceeding $2 billion over the next decade.
The work that’s being undertaken to improve water quality builds on the Commonwealth Government’s total and permanent ban on the dumping of capital dredge spoil in the Great Barrier Reef Marine Park.
There will be zero capital disposal anywhere in the entire 345,000sq km Marine Park. Together, the 345,000 sq km Commonwealth ban (100% of the Marine Park and 99% of the total ban) and the 3000 sq km Queensland ban (1% of the total ban) will cover 100% of the World Heritage area.