Shorten Pledges to Enshrine GST Floor into Law for WA

Federal Labor Leader Bill Shorten will bring GST reform into law, promising to legislate it if he is elected at the next federal election.

The opposition leader will commit to enshrining in law 75c GST floor for the state within 100 days of being elected, making the promise while campaigning in Perth on Wednesday.

Mr Shorten’s pledge will face off with the Federal Government’s $4.7 billion GST fix over eight years, created during the former Turnbull government by then treasurer and current Prime Minister Scott Morrison.

The plan will deliver a 70c floor in the GST from the 2019-20 financial year, increasing to 75c in 2024-25.

It adds to $3.154 billion dollars in tied infrastructure commitments included in the 2018-19 Federal Budget.

Mr Shorten said the issue was the most important issue that needed a solution confirmed.

“I know the number one issue here has been the GST,” Mr Shorten told The West Australian newspaper.

“That’s why if Labor is elected we will lock a GST floor into law. We think West Australians deserve the certainty of legislation.

The State Government has supported Mr Shorten’s pledge.

“Bill Shorten and Federal Labor have led the way on delivering a fair share for WA,” Premier Mark McGowan said.

“Their announcement is another victory for Western Australia, delivering a permanent solution to the GST issues.”

WA Treasurer Ben Wyatt said Labor’s promise gave the State Government the confidence to maintain its fiscal management towards a surplus.

“For Western Australia, we have clear commitments from both sides of politics,” Mr Wyatt said.

“Federal Labor’s plan guarantees WA will receive our fair share and gives us the certainty we need to continue our budget planning.”

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