Significant changes since the Draft Report sets out the substantive and minor changes since the Draft Report, the reasons for those changes, and includes indicative GST impacts of the new methods reflecting the changes since the Draft Report.
The Draft Report outlines the Commission's draft position on its assessment methodology and provides a further basis for consultation with states and territories.
The terms of reference for the 2025 Review asked the Commission to consider if there is a case for flexibility to consider alternative methods where there is a significant unanticipated shock (such as a pandemic) or where major policy changes are enacted between reviews. On 19 October 2023, the Commission released a paper seeking the views of states.
On 21 April 2023, the Commission issued a consultation paper on fiscal equalisation, supporting principles and assessment guidelines, inviting state submissions. In June 2023, following the consideration of state views, the Commission published its position on fiscal equalisation, supporting principles and assessment guidelines.
The Commission consulted with the Commonwealth and states on the approach and work program for the 2025 Methodology Review. It issued a discussion paper on 14 February 2023, inviting state submissions. Following consideration of state views, the Commission released its position on the approach and work program on 21 April 2023.
