Victoria is set to receive a significant boost in its GST revenue over the next financial year, with an additional $2 billion initially reported, followed by a further announcement of an extra $3.8 billion. This increase comes at the expense of New South Wales and Queensland, which are identified as the major losers in this new financial arrangement, with taxpayers forking out $5.2bn for WA’s special deal. Meanwhile, the Commonwealth Games Federation is in advanced discussions with Malaysia as a potential host for the 2026 event, with the country reportedly offered £100m to aid in staging the games. This development follows Victoria's decision to withdraw from hosting the games, resulting in almost $200m spent by Victorians potentially being transferred to Malaysia to support their hosting bid.
US small-business optimism slipped to a nine-month low in February as high prices and borrowing costs took a toll on expansion plans https://t.co/sU79AbT9wt
Almost $200m that Victorians forked out to dump the Commonwealth Games may soon be handed over to the Malaysian government if the country signs on to host the event. > https://t.co/tEpkhlJeYE https://t.co/WMCb8mAgKk
Commonwealth Games could be saved from extinction as new host country emerges after Australia pulled out https://t.co/4VvSk5bC2g https://t.co/4VvSk5bC2g
Victoria will be granted an additional $3.8bn in GST revenue under the latest carve up to be announced on Tuesday. > https://t.co/Ps3Gk9Mmdo https://t.co/79TBbUt2zE
Queensland and NSW lose GST as taxpayers fork out $5.2bn for WA’s special deal https://t.co/s2DMmkaEc6
Victoria's top property group to cop $1.6m tax bill on $10m move https://t.co/PJutlx5W63 #realestate #REIV
Victoria will be granted an additional $3.8bn in GST revenue under the latest carve up to be announced on Tuesday > https://t.co/MpiuYIs2PV https://t.co/O2UfSW65Je
Commonwealth Games: Malaysia says it has been offered £100m to help stage 2026 event https://t.co/Mre7sKiLwV
Commonwealth Games Federation in "advanced discussions" with potential hosts for 2026, & “encouraged” by “early concepts” of Malaysia after country says it has been offered £100m to help it to stage the event https://t.co/iYiPonMxrY
Victoria will receive a $2 billion windfall in tax revenue in the next financial year’s GST carve-up at the expense of other states. The figures obtained exclusively by 7NEWS paint New South Wales and Queensland as the big losers. https://t.co/Ozx21r5BDu #auspol #7NEWS https://t.co/trwdvagk2u