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Australia: Goods and services tax (GST) reform announced

Australia: GST reform announced

The prime minister on 1 October 2018 announced plans for legislation to make goods and services tax (GST) reforms.


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The prime minister’s pledge to introduce legislation for GST reforms follows a July 2018 announcement from the federal government to change the way that GST revenue is distributed among the states and territories.

Under the to-be-proposed legislation, the government would:

  • Introduce a new Horizontal Fiscal Equalisation (HFE) benchmark
  • Introduce a permanent in-system GST relativity floor
  • Provide transitional assistance

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