The Commonwealth Grants Commission’s 2025-26 update of its recommendations on how revenue from the GST should be carved up contained a few more surprises than usual because it incorporated the results of the review of its methodology, which it does every five years.
One thing that wasn’t a surprise was that Western Australia will get $6 billion more in 2025-26 than it would have if the “rules” governing the distribution of GST revenues had not been altered by the Morrison government, with the support of Labor, in 2018. That support has continued and been extended by the Albanese government since coming to office in 2022.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.