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Labor will announce home battery rebate in “coming days,” says federal treasurer
(reneweconomy.com.au)
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Apparently the subsidy requires you to be connected to a "virtual power plant" plan with your energy company, which means that they control when your battery feeds back in to the grid or can be used by you. This is pretty much a deal breaker for me and should be for most people.
What it means is that the power company could force your battery to send its power to the grid at peak times, meaning any power you use comes from the grid, and your battery gets drained without them paying you a cent. It means that you could potentially not save a single cent on your power bill, while saving the power company money.
I'm with Amber, and while I don't have a battery yet, their VPP offering does appear different to most. I'd be wanting to check the conditions if this goes ahead as I would not want to sign up if I wasn't allowed to control when power is sent to to the grid.
https://help.amber.com.au/hc/en-us/articles/7415148284685-What-is-Amber-s-SmartShift-and-how-does-it-differ-from-a-VPP