Prime Minister of Australia Malcolm Turnbull (L) visiting the New York Stock Exchange Trading Floor while in New York City for the 71st session of the UN General Assembly.
Prime Minister of Australia Malcolm Turnbull (L) visiting the New York Stock Exchange Trading Floor while in New York City for the 71st session of the UN General Assembly. EPA - ALYSSA RINGLER

Turnbull confirms GST carve-up staying for years

PRIME Minister Malcolm Turnbull has confirmed there will be no change to the GST carve-up for "some years".

Just last month, at the West Australian state Liberal conference, Mr Turnbull flagged changes to the GST, proposing a minimum amount each state and territory would receive.

The current system has drawn fire from WA, with fewer than 30 cents in every GST dollar collected in WA returned to the State Government.

The move to introduce a "floor" was strongly opposed by smaller states such as Tasmania, who argued they would be unfairly disadvantaged.

At the time, the Federal Government had indicated the change would take time, but in a letter seen by the ABC to Liberal Senator Eric Abetz, the Prime Minister said the GST issue would not need to be resolved for years.

Read more at ABC News Online


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