Australia has published the full text of a A$2.5 billion, 30-year migrant resettlement deal with Nauru — a reminder that Canberra, not Beijing, still bankrolls the tiny Pacific island that dumped Taiwan in 2024.

• Nauru cut ties with Taiwan and switched to China in 2024 after shopping Taipei's aid offer against Beijing's.
• Two years on, Australia remains Nauru's biggest aid donor, trade partner, investor and security backer.
• The deal pays out roughly A$400 million in year one, mostly into a joint trust fund, then about A$70 million a year for three decades.
• Nauru must give resettled people work rights, free movement, housing, health care and 30-year visas, and can only refuse someone who poses a serious immediate danger.
• Canberra had blocked release of the document as damaging to foreign relations, then reversed course amid court proceedings.

Outlook: Expect more scrutiny of what Nauru actually gained by switching to Beijing, and of Australia's use of cash-for-resettlement deals with small Pacific states.