Aukus costs balloon with more cash and staff for submarine agency amid ongoing search for nuclear waste dump

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May 12, 2026 - 11:20
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Aukus costs balloon with more cash and staff for submarine agency amid ongoing search for nuclear waste dump

Labor has announced funding for Australian Submarine Agency will jump to $512m in next financial year amid concerns the sovereign submarine fleet may never arrive

The budget for Australia’s contentious Aukus deal has ballooned by more than $430m over four years, with the agency charged with securing the country’s nuclear-powered submarines requiring a massive injection of funding and staffing.

The Australian Submarine Agency’s resourcing for next financial year will jump by a third – from $385m to $512m. Continue reading...

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