Document ID: chunk:federal_register_of_legislation:C2024C00843:section:8
Version: federal_register_of_legislation:C2024C00843
Segment Type: section
Provision Reference: s 8
Character Range: 15502–16258

8  GST revenue sharing relativity
 (1) The Minister may determine that a factor specified in the determination is the GST revenue sharing relativity for a State for a payment year.
 (2) Before making a determination under subsection (1), the Minister must consult each of the States.
 (2A) A factor determined under subsection (1) for a State for the 2022‑23 payment year or the 2023‑24 payment year must be greater than or equal to 0.7.
 (2B) A factor determined under subsection (1) for a State for the 2024‑25 payment year or a later payment year must be greater than or equal to 0.75.
 (3) A determination under subsection (1) is a legislative instrument, but section 42 (disallowance) of the Legislation Act 2003 does not apply to the determination.