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The US coast guard has confirmed that an Australian man fell overboard on the Quantum of the Seas cruise ship, which was travelling from Brisbane to Hawaii.

The coast guard said the passenger went overboard 500 nautical miles (926 kilometres) from Hawaii's Big Island.

500 nautical miles south of Hawaii's Big Island a man fell overboard on Quantum of the Seas cruise ship. He is an Australian national.

A Hercules airplane is on scene conducting a search. At the moment it is the only asset that's on scene searching.

We've been on scene since 9am. And with the crew's endurance and the fuel constraints of the vessel they should be there for about six hours since arriving on scene.

What I can confirm is the budget will have a cost of living package that is targeted to the most vulnerable. We've been clear about that. Obviously some of that is the assistance and support on energy relief. We've had the announcements around medicines in the last day.

We are focused on making sure we can do the right thing for those that are doing it tough, but within an environment where there are a lot of demands on the budget in a lot of areas.