Original article by Phillip Coorey, Patrick Durkin
The Australian Financial Review – Page: 1 & 4 : 30-Nov-23

The federal government is under pressure from the states and territories to permanently retain the goods and services ‘no worse off guarantee’, which is slated to end by 2026-27. The guarantee was introduced in 2018, with the aim of compensating the states for GST revenue they lost as part of a deal to put a ‘floor’ under the allocation for Western Australia. Victoria’s Treasurer Tim Pallas contends that ending the guarantee would be ‘disastrous’ for the states, as they would be collectively $4.9bn worse off each year. The guarantee will be on the agenda for a meeting of the state and federal treasurers in Brisbane on Friday.

CORPORATES
VICTORIA. DEPT OF TREASURY AND FINANCE