News in brief… 29 March 2022

Commonwealth Grants Commission publishes GST revenue sharing for 2022-23; Government announces extension to apprentice wage subsidy programs; Treasury releases issues paper as part of quality of financial advice review.

Commonwealth Grants Commission publishes GST revenue sharing for 2022-23 The Commonwealth Grants Commission has published updated goods and services tax (GST) sharing relativities for use in distributing GST revenue among the states and territories in 2022-23. According to the report, the state and territory shares of the GST pool and the estimated GST pool distribution implied by those relativities in 2022-23 would be: NSW: 0.95065 ($23.2 billion) Vic: 0.85861 ($17.1 billion) Que...

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Published Date: 29 March 2022