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A NEW TAX SYSTEM (COMMONWEALTH-STATE FINANCIAL ARRANGEMENTS) ACT 1999 - SECT 13

GST revenue grants
Subject to this Act, each State is entitled to the payment, by way of financial assistance, for a GST year, of a grant worked out using the formula:

where:

"adjusted State population" means the estimated population of the State on 31 December in the GST year (see subsection 7(1)) multiplied by the relativities factor (see section 9) for the State for that year.

"adjusted total population" means the sum of the adjusted populations of all of the States for the GST year.

"GST revenue" means the GST revenue for the GST year (see section 5).

"State hospital grant" means the hospital grant for the State for the GST year (see section 6).

"total hospital grants" means the sum of the hospital grants for all of the States for the GST year.

Note: See also Schedule 1 which deals with transitional GST years.


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