Published: October 16, 2018
Treasurer forced into legislative safeguard amid fears that NSW and Victoria could be $1bn worse off
The Morrison government has promised to legislate a safeguard so no state is left worse off by changes to the GST distribution formula for a period of six years.
The backdown – announced by the treasurer, Josh Frydenberg – responds to state and territory concerns that changes in economic conditions could leave Victoria and New South Wales up to $1bn worse off. There has also been internal dissent federally, including from Tasmanian Liberals.
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