A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 1.3 Commonwealth - State financial relations

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 1.3

    The Parliament acknowledges that the Commonwealth:

  (a)   will introduce legislation to provide that the revenue from the GST will be granted to the States, the Australian Capital Territory and the Northern Territory; and

  (b)   will maintain the rate and base of the GST in accordance with the Agreement on Principles for the Reform of Commonwealth - State Financial Relations endorsed at the Special Premiers' Conference in Canberra on 13   November 1998.