Federal Register of Legislation - Australian Government

Primary content

This instrument determines the total goods and services tax revenue for the 2020-21 financial year.
Administered by: Treasury
Registered 01 Nov 2021

Commonwealth Coat of Arms of Australia

 

Federal Financial Relations (GST Revenue for 2020‑21) Determination 2021

I, Michael Sukkar, Assistant Treasurer, Minister for Housing, and Minister for Homelessness, Social and Community Housing, make the following determination.

Dated               28 October 2021

 

Michael Sukkar

Assistant Treasurer
Minister for Housing
Minister for Homelessness, Social and Community Housing

 

  

  

  


Contents

Part 1—Preliminary                                                                                                      1

1  Name........................................................................................................................................ 1

2  Commencement........................................................................................................................ 1

3  Authority.................................................................................................................................. 1

4  Definitions................................................................................................................................ 1

Part 2—GST revenue determination for 2020-21                                                      2

5  GST revenue for the 2020‑21 payment year............................................................................. 2

6  Determination of amounts used to calculate GST revenue for the 2020‑21 payment year........ 2

 


Part 1Preliminary

  

1  Name

                   This instrument is the Federal Financial Relations (GST Revenue for 2020-21) Determination 2021.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The day after this instrument is registered.

 

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Federal Financial Relations Act 2009.

4  Definitions

Note:       Paragraph 13(1)(b) of the Legislation Act 2003 has the effect that expressions have the same meaning in this instrument as in the Federal Financial Relations Act 2009 as in force from time to time.

                   In this instrument:

Commissioner means the Commissioner of Taxation.

the Act means the Federal Financial Relations Act 2009.

Part 2GST revenue determination for 2020-21

  

5  GST revenue for the 2020‑21 payment year

                   The GST revenue for the 2020-21 payment year is $73,072,981,746.03.

Note 1:       The GST revenue has been calculated in accordance with subsection 6(2) of the Act using the amounts determined under section 6 of this instrument.

Note 2:       Under subsection 5(1) of the Act, each State is entitled to a payment, by way of financial assistance, for a payment year, of a portion of the GST revenue determined for that payment year as well as a portion of the pool top-up. Each State’s entitlement is calculated in accordance with the formula in subsection 5(1). Applying that formula, each State’s entitlement to the GST revenue for 2020-21 is as follows:

                  

State

Portion of 2020-21 GST revenue

New South Wales

$21,372,915,932.10

Victoria

$18,215,894,998.57

Queensland

$15,524,154,637.44

Western Australia

$3,420,593,006.95

South Australia

$6,848,302,581.43

Tasmania

$2,926,811,838.77

Australian Capital Territory

$1,414,859,618.96

Northern Territory

$3,349,449,131.81

Total

$73,072,981,746.03

6  Determination of amounts used to calculate GST revenue for the 2020‑21 payment year

             (1)  Further to subsection 6(1) of the Act, each item of the following table determines the amount described in the provision specified in the item, for the 2020-21 payment year.

 

Item

Description of the amount being determined

Provision

Determined amount

1

The amount that is the total of the following:

(a) the GST that was collected;

(b) the payments made to the Commissioner representing amounts of GST that would have been payable if the Constitution did not prevent tax from being imposed on property of any kind belonging to a State and section 5 of each of the GST Imposition Acts had not been enacted;

(c) the additional GST that would have been collected if the Commonwealth and Commonwealth entities could be made subject to taxation by a Commonwealth law and section 177-1 of the GST Act made those entities actually liable, rather than notionally liable.

Paragraph 6(3)(a) of the Act

$141,841,777,857.26

2

The amount of general interest charge that was collected to the extent that is attributable to:

(a) unpaid GST; or

(b) unpaid general interest charge payable in respect of unpaid GST.

Paragraph 6(3)(b) of the Act

$136,416,068.81

3

The amount, determined in the manner agreed by the Commonwealth and all the States, that represents amounts of voluntary GST payments that should have, but have not, been paid by local government bodies.

Paragraph 6(3)(c) of the Act

$0.00

 

Sum of items 1, 2 and 3

 

$141,978,193,926.07

4

The amount that is the total of the following, so far as each of them is attributable to GST:

(a) payments under the GST refund provisions;

(b) what was payable under the GST refund provisions and was (rather than being paid directly under those provisions) allocated, applied or refunded in accordance with Part IIB of the Taxation Administration Act 1953.

Subsection 6(4) of the Act

$68,905,212,180.04

 

Sum of items 1, 2 and 3, less item 4

 

$73,072,981,746.03

Note:       In determining the amounts set out in each item of this table, adjustments have been made as required by subsection 6(5) of the Act to ensure that the effect that the luxury car tax law and wine equalisation tax law would otherwise have on the amounts of GST, and the amounts attributable to GST, was removed.