Document ID: chunk:federal_register_of_legislation:F2024N00997:reg:5
Version: federal_register_of_legislation:F2024N00997
Segment Type: reg
Provision Reference: reg 5
Character Range: 2112–3330

5  GST revenue for the 2023-24 payment year
  The GST revenue for the 2023-24 payment year is $84,918,175,858.59.
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 2023-24 is as follows:

State                         Portion of 2023-24 GST revenue
New South Wales               $24,607,800,655.82
Victoria                      $18,581,048,541.42
Queensland                    $18,008,972,485.41
Western Australia             $6,474,645,263.55
South Australia               $8,222,580,370.55
Tasmania                      $3,251,288,744.59
Australian Capital Territory  $1,775,778,980.36
Northern Territory            $3,996,060,816.89
Total                         $84,918,175,858.59