The Federal Government is ratcheting up pressure on Labor to quickly pass a package of $6.1 billion of savings over four years, publicly releasing all details of its omnibus bill ahead of Parliament's return today.

Labor said it was waiting to see the detail of the Government's proposal before stating whether it would support the legislation.

The Government said the bill includes spending cuts Labor has already pledged to either support or consider, but a measure the Opposition has previously rejected has also been included.

In 2015, Labor voted against a bill to strip welfare payments for psychiatric patients charged with serious offences, but it passed the House of Representatives without the Opposition's support and is yet to be voted on in the Senate.

The Government has included the measure, worth $29.5 million over four years, in its omnibus bill, which is set to be introduced to Parliament on Wednesday by Treasurer Scott Morrison.

The bill includes 24 savings measures which are "part of a concerted strategy to demonstrate immediate and tangible progress towards fiscal repair".

"Working to balance the budget will restore the buffers that protect Australia against the economic shocks and uncertainties that might otherwise threaten our future success," the bill overview states.

It says all the savings in the legislation were announced in the Federal Government's last term and that "the Opposition assumes passage of in its election costings document".

The cuts also include a saving of $1.3 billion from abolishing the Australian Renewable Energy Agency, a grant funding body established by Labor when it was in government.

During the election campaign, Labor adopted the saving in its election costings, although it also pledged to spend $300 million on renewable energy to partly offset the cut.

The Government has not adopted this offset.

'The time for hiding under the doona is over'

The Prime Minister has doubled down on his economic message ahead of the return of Parliament, describing budget repair as a "fundamental moral challenge".

The language shadows the rhetoric of former Labor prime minister Kevin Rudd, who declared climate change "the greatest moral, economic and environmental challenge of our generation", ahead of the 2007 election.

Malcolm Turnbull revived a well-worn set of his own political talking points in his party room address to MPs and senators, telling them "the time for hiding under the doona is over".

"This represents savings which the Labor Party committed to during the election, and we asked them to support them, to be true to their word in this Parliament," Mr Turnbull said.

"We are asking them to do no more than to vote in the Parliament for the savings they appropriated for their own purposes during the election campaign."

MPs and senators will return to Canberra today for the start of the 45th Parliament, which will begin with a parliamentary church service and a welcome to country before members are sworn in and formal business gets underway.

Loading...