NSW welcomes GST 'no state worse off' vow
NSW Treasurer Dominic Perrottet has welcomed federal government assurances that Australia's most populous state won't be worse off under changes to the GST carve up.
State and territory governments will receive a series of funding boosts totalling $5.2 billion over the next eight years under changes to the GST formula to be outlined by federal Treasurer Scott Morrison on Thursday.
The Turnbull government says it will ensure that by 2022 no state receives less than 70 cents per person per dollar of GST, and has promised none would be worse off under the changes.
Mr Perrottet said NSW had advocated for the GST to be divided on a per capita basis.
"Assurances from the federal government that NSW will be better off under whatever system is introduced are welcome," he said on Thursday.
"We will need time to properly assess proposed changes to GST."
Under the federal plan, Queensland could expect to be $518 million a year better off by 2026/27.
State and territory treasurers will meet in September to discuss the plan with a final agreement expected by the end of 2018.