Australia is expanding a $600 million plan to retain military personnel with a cash bonus scheme.

The Australian government is expanding a $600 million strategy to retain military personnel by extending a cash bonus scheme. Initially offering $50,000 for permanent Defence Force members nearing the end of their service, the bonus will decrease to $40,000 from July 2025. The plan aims for a permanent workforce of 69,000 by the early 2030s and 100,000 overall by 2040, increasing annual enlistments from 5,500 to 9,000 and extending service length from seven to twelve years.

November 04, 2024
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