Document ID: chunk:federal_register_of_legislation:F2022N00235:reg:5
Version: federal_register_of_legislation:F2022N00235
Segment Type: reg
Provision Reference: reg 5
Character Range: 2059–3276

5  GST revenue for the 2021-22 payment year
  The GST revenue for the 2021-22 payment year is $73,581,024,961.07.
Note 1: The GST revenue has been calculated in accordance with subsection 6(2) of the Act using the amounts determined under section 6 of this instrument.
Note 2: Under subsection 5(1) of the Act, each State is entitled to a payment, by way of financial assistance, for a payment year, of a portion of the GST revenue determined for that payment year as well as a portion of the pool top-up. Each State's entitlement is calculated in accordance with the formula in subsection 5(1). Applying that formula, each State's entitlement to the GST revenue (ignoring the pool top-up) for 2021-22 is as follows:

State                         Portion of 2021-22 GST revenue
New South Wales               $22,068,735,518.22
Victoria                      $17,269,060,119.47
Queensland                    $15,899,157,391.35
Western Australia             $3,304,994,994.62
South Australia               $6,938,938,374.96
Tasmania                      $3,185,297,067.89
Australian Capital Territory  $1,502,670,837.42
Northern Territory            $3,412,170,657.14
Total                         $73,581,024,961.07