New South Wales Liberals to Seed $400 Future Accounts for Children

NSW Premier Dominic Perrottet speaks to the media during a press conference at Rosehill Public School in Sydney, Australia, Jan. 31, 2022. AAP Image/Bianca De Marchi

Premier Dominic Perrottet has used a Liberal Party campaign launch to promise a major investment in the future of young people.

If it wins the next election, the coalition will create savings funds for young people to spend exclusively on housing and education when they turn 18.

Perrottet called it the most significant financial security investment in NSW history, tipped to cost the government around $850 million (US$560 million) over a four year term.