Reverse the RIPOFF

The Nationals' Federal candidate for the seat of O'Connor Tony Crook has condemned changes to the GST revenue formula, saying WA is being ripped-off.
The Commonwealth Grants Commission has changed the formula for dividing the $45 billion pool of GST revenue, slashing Western Australia's share from 8.1 to 7.1 per cent, which translates to a loss of $443 million.

Mr Crook said when the Federal Liberal Government introduced the GST back in 2001 Australia was sold the policy on the premise that all GST receipts would be returned to the state of origin.




"As we now know, this has never been the case," Mr Crook said.

"WA will get just 7.1 per cent of national GST receipts next year, despite being home to more than 10 per cent of the nation's population."

"WA is beefing up the bottom lines of financial basket-cases such as NSW and Victoria," he said.

Category:

News & Politics

Tags:

• Tony Crook
• National party
• federal
• election

[colindominy]

There isn't much left of Australia's great national treasures & assets that past Federal Govts haven't already sold off to crass o'seas countries. The latest rumour doing the rounds is that KRudd .. immediately prior to being deposed by his deputy Gillard .. sold off the North-West Shelf coal assets to the Chinese for several trillion dollars. Why not now then, just go one small step further .. let's partition off the State of Western Australia .. and sell it off to the highest o'seas bidder ..