Commission: Grants Commission and Commonwealth

commission: Commonwealth Grants Commission The commonwealth will direct the Grants Commission to make data and calculations publicly available and facilitate better public understanding of horizontal fiscal equalisation, according to Nine News Australia. Completing the transition By 2026-27, the system would have fully transitioned to the new, more stable benchmark, as well as a 75 cents in the dollar floor. To improve your experience update it here News National How proposed GST changes would work3 33pm Oct 3, 2018Facebook Tweet MailHOW PROPOSED CHANGES TO GST CARVE-UP WILL WORK Transition payments The Commonwealth will provide short-term, untied funding over the three years to ensure no state receives less than 70 cents per person per dollar of GST.WA will be the only state to stay under this figure for the period 2019-20 to 2021-22 . The NT will also keep at least its existing share of GST. Phase in a new system New benchmark the stronger of NSW or Victoria phased in over six years 2021-22 to 2026-27 . Related Articles Nobel Peace Prize Denis Mukwege and Nadia Murad announced as winnersPM orders investigation into Assistant Treasurer's internet spending Liberal MP's 2000-a-month internet billA GST floor would ensure no state can receive less than 70 cents per person per dollar of GST. In 2024-25, this floor would be raised to 75 cents per person per dollar of GST. The federal government would permanently boost the GST pool by making two more untied payments of 250 million and 600 million. AAP 2018Continue reading PoliticsCONTACT USSend your photos, videos and stories to 9News News The picturesque region where locals have a holiday lifestyle all year round - domain.au Top Stories Nobel Peace Prize winners announcedan hour ago Where you can catch a glimpse of Meghan and Harry Down Under Woman confronts intruder in Adelaide homean hour agoupdate Rebels bikies 'not here to cause trouble' as gang descends on Melbourne10 minutes ago (news.financializer.com). As reported in the news.