diff --git a/acceptance/testdata/pack_fixtures/report_output.txt b/acceptance/testdata/pack_fixtures/report_output.txt
index 9f7adb203a..1dad75f47e 100644
--- a/acceptance/testdata/pack_fixtures/report_output.txt
+++ b/acceptance/testdata/pack_fixtures/report_output.txt
@@ -2,7 +2,7 @@ Pack:
   Version:  {{ .Version }}
   OS/Arch:  {{ .OS }}/{{ .Arch }}
 
-Default Lifecycle Version:  0.5.0
+Default Lifecycle Version:  0.6.0
 
 Config:
   default-builder-image = "{{ .DefaultBuilder }}"
diff --git a/internal/builder/lifecycle.go b/internal/builder/lifecycle.go
index 20a21b7b57..09dcb8f877 100644
--- a/internal/builder/lifecycle.go
+++ b/internal/builder/lifecycle.go
@@ -15,9 +15,9 @@ import (
 )
 
 const (
-	DefaultLifecycleVersion    = "0.5.0"
+	DefaultLifecycleVersion    = "0.6.0"
 	DefaultBuildpackAPIVersion = "0.2"
-	DefaultPlatformAPIVersion  = "0.1"
+	DefaultPlatformAPIVersion  = "0.2"
 )
 
 type Blob interface {