Document ID: chunk:federal_register_of_legislation:F2021N00275:reg:5
Version: federal_register_of_legislation:F2021N00275
Segment Type: reg
Provision Reference: reg 5
Character Range: 2159–3349

5  GST revenue for the 2020‑21 payment year
  The GST revenue for the 2020-21 payment year is $73,072,981,746.03.
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 for 2020-21 is as follows:

State                         Portion of 2020-21 GST revenue
New South Wales               $21,372,915,932.10
Victoria                      $18,215,894,998.57
Queensland                    $15,524,154,637.44
Western Australia             $3,420,593,006.95
South Australia               $6,848,302,581.43
Tasmania                      $2,926,811,838.77
Australian Capital Territory  $1,414,859,618.96
Northern Territory            $3,349,449,131.81
Total                         $73,072,981,746.03