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Greens leader Adam Bandt (centre) with some of the minor party’s newly elected members.Credit:Jamila Toderas

If the government doesn’t do that,the Greens “will seek to amend the first budget”,he will say according to speech excerpts.

“The Greens will not support a Labor budget based on cuts that hurt everyday people while continuing the handouts to billionaires,” Bandt will say.

“This is where Labor should find savings. But we are worried that Labor won’t have the guts to do what’s necessary.”

The party will hold the balance of power in the Senate,where it now has 12 seats. Labor will need its support plus that of one other crossbencher to pass legislation opposed by the Coalition.

Bandt said the party wanted to be constructive but would not be a rubber stamp.

However,he stopped short of threatening to block supply if the government did not make the changes.

Instead,the Greens have flagged they may seek changes to other legislation enacting parts of the budget outside the appropriations bills that ensure money continues flowing for government functions.

Under the stage-three tax cuts,which were legislated in 2018 by then-treasurer Scott Morrison,the 37 per cent tax bracket will be abolished,the top 45 per cent bracket will start from $200,000 and the 32.5 per cent rate will be cut to 30 per cent for all incomes between $45,000 and $200,000.

The cuts are on track to costthe budget $37 billion a year by the early 2030s,according to costings by the Parliamentary Budget Office that the Greens released during the election.

Cut through the noise of federal politics with news,views and expert analysis from Jacqueline Maley. Subscribers can sign up to our weeklyInside Politics newsletter here.

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