INTERGOVERNMENTAL FISCAL RELATIONS – AUSTRALIA

IA boss slams asset recycling delays

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Original article by Mark Ludlow
The Australian Financial Review – Page: 3 : 25-Jul-14

Infrastructure Australia chairman Mark Birrell has expressed his support for the Australian Government’s asset recycling policy. The Federal Government wants the states to use the proceeds from privatisation for new infrastructure projects. Birrell has called on the Senate to pass the $A5 billion asset recycling plan, which the Government intends to introduce in Parliament in September 2014

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INFRASTRUCTURE AUSTRALIA|INFRASTRUCTURE PARTNERSHIPS AUSTRALIA|QUEENSLAND. TREASURY|NEW SOUTH WALES TREASURY. OFFICE OF FINANCIAL MANAGEMENT|NEW SOUTH WALES TREASURY. OFFICE OF STATE REVENUE|COUNCIL OF AUSTRALIAN GOVERNMENTS

Hockey avoids asset recycling restriction

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Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 20-Jun-14

The Australian Government’s asset recycling policy will reward state governments for privatisations if they use the gains to invest in new infrastructure. They will be paid a Federal Government contribution of 15%, and Treasurer Joe Hockey has asked the Commonwealth Grants Commission to ignore this bonus when it allocates goods and services tax revenue. He will also rely on appropriation from general revenue for the scheme, meaning he does not need to seek legislative approval in the hostile Senate

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AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. COMMONWEALTH GRANTS COMMISSION, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS