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An update to the Goods and Services Tax (GST) distribution has left Queensland losing $1.2 billion in public funds compared to last year, while Victoria gains almost $3.9 billion due to its struggling economy. Victoria will now receive 28% of all GST funds, including ‘no worse off’ payments, totaling almost $28 billion. Queensland, on the other hand, will have its GST take slashed by $2.4 billion to $16.6 billion for the 2025-26 financial year, due to increased coal royalties, making it the only jurisdiction to receive less GST than the previous year.
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