Queensland state officials say they have secured a deal with the federal government for the 2032 Olympics in Brisbane which commits 50-50 funding for minor venues and 1.2 billion Australian dollars ($788 million) towards a new main stadium at Brisbane's Victoria Park.

A new deal has been struck between the Queensland and federal governments to fund venues — including a major stadium — for the 2032 Olympic and Paralympic Games.

Queensland state officials say they have secured a deal with the Australian federal government for the 2032 Olympics in Brisbane that commits 50/50 funding for minor venues and $788 million toward a new main stadium at Brisbane's Victoria Park.