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What is Commonwealth Grants Commission mean?
The Commonwealth Grants Commission is an independent statutory Australian body that advises the Australian Government on financial assistance to the states and territories of Australia under section 96 of the Australian Constitution. The Commission was established in July 1933 by the Lyons Government during the Great Depression to provide impartial advice on the distribution of federal government grants to the states. The Commission now operates under the Commonwealth Grants Commission Act 1973, and is responsible for measuring the relative fiscal capacity of each state and territory.
The Commission now recommends how the revenues raised from the goods and services tax (GST) should be distributed to each state and territory to achieve horizontal fiscal equalisation (HFE), a central feature of the Australian federation.
referencePosted on 27 Dec 2024, this text provides information on Miscellaneous in Regional related to Regional. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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