Marise Payne (NSW, Liberal Party, Minister for Defence) Share this | Hansard source

This is an important aspect of the release which has been made today, because the 2016 Defence white paper delivers on the coalition's election commitment of 2015 to return defence spending to two per cent of GDP within the decade. In meeting this commitment, what the Turnbull government will provide is an additional $29.9 billion to Defence over 10 years.

This defence white paper and the integrated investment plan that sits alongside it—and, indeed, the defence industry policy statement that also accompanies it—is an achievable and costed plan for Australia's future security and defence. We have been assiduous in doing that, because we know what happened to the white papers of those opposite in 2009 and 2013. We know the damage that that wrought on Defence and we have no intention of repeating those mistakes.