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Unformatted text preview: of weekly financial assistance grants, revenue replacements and State and
Territory taxes with monthly GST revenue grants.
Loan Repayments: in 2001-02 only, the repayment of a guarantee loan by a State or Territory.
Additional expenditures: payments to first home owners in accordance with Appendix D of this Agreement and the
amount of the agreed GST administration costs payable to the ATO by a State or Territory.
Other items: $338 million spread evenly over three years starting in 2000-01 in respect of the claim by States and
Territories in relation to revenue forgone from the abolition of the Wholesale Sales Tax (WST) Tax Equivalent
Regimes (with the distribution to be agreed among the States and Territories).
minus 142 Commission on Fiscal Imbalance Reduced expenditures: off-road diesel subsidies and reduced costs from the removal of embedded WST and
excises on purchases by a State or Territory government.
Growth dividend: the increase in revenue to a State or Territory (not including GST revenue payments) that is
attributable to the impact of the Commonwealth’s taxation reform measures on economic growth.
Adjustments: from 2001-02, the net difference between preliminary estimates and outcomes or final estimates for
items that were taken into account in the previous year’s Guaranteed Minimum Amount.
In addition, $269 million in total, spread evenly over three years, will be included in the new Commonwealth State
Housing Agreement starting in 2000-01 in respect of the net increased public housing costs as a result of tax reform
(with the distribution to be agreed among the States and Territories).
Heads of Treasuries’ Advice to Ministerial Council
3) 4) The Guaranteed Minimum Amount for a State or Territory will be determined by the Commonwealth Treasurer by 10 June
of each year of the transition period. The Ministerial Council will make recommendations to the Treasurer on the
Guaranteed Minimum Amount for each State and Territory.
The Heads of Treasuries will provide written advice to the Ministerial Council on the following issues by the indicated dates.
— By 1 March 2000, advice on the estimated loans and grants to be provided to each State and Territory in
2000-01 and the amounts which the Commonwealth should provide to each State and Territory on Tuesday 4
— By 1 November 2000 advice on the most recent estimates of transitional assistance for the year and any
adjustment that may need to be made to the amount of the loans and grants made to each State and Territory.
— By 1 September of each subsequent year of the transition period, advice on the most recent estimates of the
transitional assistance to be provided to each State and Territory in the financial year and the installment
amounts which the Commonwealth should provide to each State and Territory on the first Tuesday of the
following October and January. This advice should identify the adjustments for the net difference between
preliminary estimates and outcomes or final estimates for items that were taken into account in the previous
year’s Guaranteed Minimum Amount for a...
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