Investor Presentaiton
Queensland has its own taxation powers and receives federal fiscal support
The states' sources of revenue
■ Australian states and territories (states) impose taxes, duties and charges in areas distinct from those
where the Australian Government has authority. Examples of state taxes include payroll taxes, royalties,
stamp duties and land taxes.
■The Australian Government provides explicit and predictable financial support to all states in the form of:
General purpose payments - 'untied' grants which are funded by the Goods and Services Tax (GST)
revenue and are used for both recurrent and capital purposes.
Payments for specific purposes - 'tied' grants to fund specific projects or programs in order to support
service delivery and facilitate reforms.
The Australian Government's Disaster Recovery Funding Arrangements, which provide partial
(up to 75 per cent) reimbursement for eligible costs incurred as a result of natural disasters,
are also classified as a payment for specific purposes.
See Appendices for more information on tax sharing arrangements.
QTC
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