Commonwealth Numbered Acts

FEDERAL FINANCIAL RELATIONS ACT 2009 (NO. 11, 2009) - SECT 5

                   Subject to this Act, each State is entitled to the payment, by way of financial assistance, for a payment 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 payment year (see section 7) multiplied by the GST revenue sharing relativity (see section 8) for the State for that year.

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

"GST revenue" means the GST revenue for the payment year (see section 6).