Australian Bureau of Statistics
1384.6 - Statistics - Tasmania, 2005
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 13/09/2002
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As part of 'A new Tax System' introduced by the Commonwealth Government, in agreement with the States, from 1 July 2000, the Goods and Services Tax (GST) replaced various Commonwealth and State taxes. The GST is passed on to the States as grants, along with budget balancing assistance to ensure that the States are not worse off in the early years of the introduction of the GST. These grants replace the previous general revenue assistance grants, and the State taxes listed above, resulting in a change in the revenue mix for the Tasmanian General Government sector. Commonwealth current grants are the major source of revenue for the Tasmanian General Government sector, and have increased as a proportion of total revenue under the new arrangements. In 2000-01, Commonwealth current grants made up 58% of total revenue, up from 47% in 1999-2000, while State taxes were 20% of total revenue in 2000-01, down from 26% in 1999-2000.
This page last updated 21 November 2006
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