Intergovernmental Agreement on the Reform of Commonwealth - State Financial Relations
This 2006 interim report by the WA Uniform Legislation and Statutes Review Committee examines the implementation of the Intergovernmental Agreement on Commonwealth-State Financial Relations, focusing on the GST and state tax reforms. It details progress on abolishing certain stamp duties and reviews the distribution of GST revenue. The report highlights ongoing issues related to Specific Purpose Payments and Vertical Fiscal Imbalance.
Impact
The report affects the WA government's budget and its relationship with the Commonwealth, influencing state tax policy and funding for public services. Businesses and individuals are impacted by changes to stamp duties and other taxes.
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