It includes both top-up payments, and a guarantee WA will receive at least 70 cents back from every dollar it pays in GST from next year, before lifting the "floor" to 75 cents by the middle of the next decade.
Aaron reports.
GST plan sails through federal parliament
The Nammuldi mine is an iron ore mine located in the Pilbara region of Western Australia, 60 kilometres north-west of Tom Price. Source: Calistemon [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], from Wikimedia Commons
Changes to GST distribution, including a new floor of 75 cents, have cleared federal parliament after a long fight led by West Australia to get a fairer deal. The new GST carve-up laws, which attracted bipartisan support in the Senate, would see the state government's coffers about $4.7 billion better off over the next eight years.
Share
