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Calls Mounting for Australia’s $328 Billion Nuclear Submarine Deal to Be Scrapped

The report says Australia could lose billions and still miss the promised submarines, while urging a royal commission and an audit of AUKUS costs.

  • On Wednesday, the Public Inquiry into AUKUS released its report, Surrendering Australia: The AUKUS Deception, calling for immediate termination of the $368 billion nuclear-powered submarine program.
  • Lead Commissioner Peter Garrett told the National Press Club that AUKUS is the "worst, riskiest and most costly defence decision ever made," accusing successive governments of concealing true costs.
  • Among 16 sweeping recommendations, the inquiry calls for immediate termination of AUKUS Pillar I and an urgent independent audit of costs by the Australian National Audit Office.
  • Analysis by the NSW Cabinet Office found a nuclear submarine base at Newcastle would reduce residential property values by about $1 billion and compete for limited tradespeople.
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Australia has contributed more than A$ 4 billion to support US and British shipbuilding without any obligation to transfer it to nuclear submarines under the AUKUS Partnership. The Australian Peace and Security Forum, with the support of trade unions, has conducted a public inquiry and found that Canberra has not received a guarantee of supply of submarines from allies, has transferred RIA News. "Australia has not been given any assurances of su…

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nuclear-news broke the news on Saturday, October 31, 2026.
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