Page 1486 - Week 05 - Thursday, 13 May 1993

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The introduction of the GST would have resulted in tax collected in the ACT in the order of $442m. This figure is calculated based on the ACT share of national private final consumption of 1.92%. Total GST revenue was projected at $23 billion, after the exclusion of basic food and child care fees. Of this, 1.92% ($442m) would have been collected from the ACT.

On balance, the net effect on the ACT of the introduction of the GST and the abolition of payroll tax, wholesale sales tax, petroleum excise duty and the training levy, would have been additional tax collections of around $173m per annum.

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