GST revenue sharing relativity
8 GST revenue sharing relativity
The Minister may determine that a factor specified in the determination is the GST revenue sharing relativity for a State for a payment year.
Before making a determination under subsection (1), the Minister must consult each of the States.
A factor determined under subsection (1) for a State for the 2022‑23 payment year or the 2023‑24 payment year must be greater than or equal to 0.7.
A factor determined under subsection (1) for a State for the 2024‑25 payment year or a later payment year must be greater than or equal to 0.75.
A determination under subsection (1) is a legislative instrument, but section 42 (disallowance) of the Legislation Act 2003 does not apply to the determination.
This Act’s bill:Explanatory memorandumSecond reading speech
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