The federal government has decided its $240 million in contributions to Hobart’s Macquarie Point stadium and precinct will be exempt from GST calculations after all.
The decision ends a months-long war of words between the state and federal governments and means the federal money will be additional funding for the state rather than it negatively impacting the state’s GST share.
Federal Treasurer Jim Chalmers had earlier said the project would not be granted an exemption.
1/3 In spite of Albanese’s backflip on GST, the TAS taxpayer is already up for about $765m for the total cost of the ill-sited roofed stadium.
— Roland Browne (@slowguns.bsky.social) December 13, 2024 at 3:29 PM
2/3 In ice 18 months of faffing about since the GST exemption was raised (and rejected), the cost of the stadium - before the first brick is laid - has increased by some $220m. And costs are only going to increase significantly.
— Roland Browne (@slowguns.bsky.social) December 13, 2024 at 3:32 PM
3/3 Albanese’s breaking of the convention on GST allocations is the terrible trashing of an important precedent (in his own words) in an effort to win an election he’s already lost. #nonewstadium
— Roland Browne (@slowguns.bsky.social) December 13, 2024 at 3:34 PM
www.abc.net.au/news/2024-12... It’s actually a rush to claim credit for corruption of federal funding arrangements. Now, both state AND federal governments are tainted by this proposed stadium and its rancid funding proposals. #nonewstadium
— Roland Browne (@slowguns.bsky.social) December 14, 2024 at 11:39 AM
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