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Five private schools spent as much on new facilities in one year as 3,000 Australian public schools
(www.theguardian.com)
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I would not be particularly disappointed if they were banned entirely—with exceptions made for things like international schools—but I'd never advocate for that myself. I'd advocate for removing every single cent of their public funding. Currently, out of federal funding, private schools actually receive more money than public schools do*. That is absolutely unconscionable to me. Diverting huge amounts of resources away from public schools into private schools is the epitome of upper-class welfare, especially when we see stories like this one, or stories about how much money it's currently costing parents to send their kids to public school (in high uniform costs, excursion costs, textbooks, computers, school contributions, etc.).
* This is made up for by the fact that states provide more funding for public schools, although this varies quite substantially by state in some problematic ways.