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The commission was established in July 1933 by the Lyons government during the Great Depression to provide impartial advice on the distribution of federal government grants to the states. [2] The commission operates under the Commonwealth Grants Commission Act 1973 , and is responsible for measuring the relative fiscal capacity of each state ...
Grants Programme Governance The board of governors provides oversight to the foundation's grant making through the Grants Committee, comprising representatives of member states and reports to the executive committee. In addition to receiving reports on grants made by the foundation, the committee is called upon to make decisions on larger awards.
The constitutional framework on tax allowed both the Commonwealth and States to levy taxes. However, in 1942 the Commonwealth introduced legislation to give it a monopoly on income taxes. It did this by providing financial grants to states (using the section 96 grants power), on the condition that they did not collect their own income taxes ...
The result is that states rely on Commonwealth grants to fund state-provided services such as schools and hospitals. The power to distribute funds to states on conditions has expanded the sphere of Commonwealth power through dictating policy through conditional grants. This limits the autonomy and power of the states in controlling policy. [2]
The distribution of GST required to achieve HFE is decided by the Federal Treasurer each year, on the basis of advice provided by the Commonwealth Grants Commission (CGC). Achieving HFE does not mean that the states and territories are directed how to raise revenue or how to spend their funds.
On Dec. 2, 2023, deputies responded to a distress call at a home in West End, N.C., where they found the toddler dead. Investigators believe the child was exposed to “elevated temperatures ...
From 2015/16, designated "small business entities" with an aggregated annual turnover threshold of less than $2 million were eligible for a lower tax rate of 28.5%. Since 1 July 2016, small business entities with aggregated annual turnover of less than $10 million have had a reduced company tax rate of 27.5%.
Prince William and Kate Middleton joined the rest of the royals for their annual walk around Sandringham on Christmas Day, and brought their kids along for the occasion. And before you ask, yes ...