How much money can you gift in Australia tax-free?

Could you please clarify for me the tax regulations in Australia regarding gifting money? I'm interested in understanding the limit for tax-free gifts in Australia. Could you provide an overview of the tax implications for both the giver and the recipient? Additionally, are there any specific conditions or exemptions that I should be aware of? I'm trying to plan a significant gift and want to ensure it's done within the legal and tax-efficient framework. Thank you for your assistance in clarifying this matter.