The Financial Relations Agreement (Consequential Provisions) Bill 1999 and the State Entities (Payments) Bill 1999
The WA Parliamentary Constitutional Affairs Committee reviewed the Financial Relations Agreement (Consequential Provisions) Bill 1999 and the State Entities (Payments) Bill 1999, related to the introduction of the GST. The report outlines the bills' purpose, which is to implement measures reforming Commonwealth-State financial relations. It details the impact on various state taxes and subsidies.
Impact
Businesses will see changes in costs due to the abolition of some taxes and changes to fuel subsidies. Exporters are expected to benefit. Recreational users of diesel fuel may face higher costs. State and local government entities will need to comply with GST equivalent payments.
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