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Investor Presentaiton

Distribution of GST States and territories (states) receive all revenue collected by the Australian Government via the Goods and Services Tax (GST). It is allocated using the principles of horizontal fiscal equalisation, which is designed to equalise the states' fiscal capacity to provide public services to the same standard. Under this system, some states with below average revenue raising capacity or above average spending requirements receive a larger share of GST (and vice versa). ■ The independent Commonwealth Grants Commission determines the annual allocation across the states. Examples of differences between states to raise revenue and their expenses Revenue Population Amount of minerals within a state's borders Affects the amount of royalties collected Expenses Number of elderly people Requires more health services As at 31 December 2022 Number and value of residential and commercial land or properties Affects the amount of Number and location of remote and regional areas It is more expensive to provide services and infrastructure in these locations Western Australia 2.8m land tax and stamp duty collected Northern Territory 0.3m QUEENSLAND 5.4m South Australia 1.8m New South Wales 8.2m Victoria 6.7m II Wages paid by businesses Number of school children Affects the amount of Dictates the number of Tasmania payroll tax collected schools and teachers needed 0.6m Australian Capital Territory 0.5m QTC 44
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