The state’s Treasurer is adamant New South Wales will not be worse off under the biggest-ever shake-up of Australia’s GST system.

NSW or Victoria will become the new benchmark for the way GST payments are calculated.

It would gradually see all jurisdictions receive 75 cents for every GST dollar that’s collected.

NSW Treasurer Dominic Perrottet says he will ensure “taxpayers are not worse off” under the proposed plans.

He tells Chris Kenny “we welcome the fact that the federal treasurer and PM have said New South Wales will not be worse off under this change”.

While NSW will be subsidising other states, Mr Perrottet has hit out at the Queensland Government for relying on our state’s support.

“We have a role and responsibility, as the strongest state economically, that we should provide support to states like Tasmania and the Northern Territory.

“But what frustrates us, particularly with this, has been states like Queensland continue to be subsidised by the taxpayers of New South Wales.”

He says Queensland has “a much greater capacity to raise revenues” compared to the Northern Territory, South Australia and Tasmania.

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