GST Breaking News:
The Federal Government has passed a “GST floor of 75 cents” for Western Australia.
WA was already on it’s way to 75 cents without this legislation. What it means is the GST system is still broken.
GST revenue is being replaced with national debt to top up states who used WA’s GST to fund their balance sheets.
WA and NSW are the only states still not to receive a per capita (11%) share of the GST.