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The commission operates under the Commonwealth Grants Commission Act 1973, and is responsible for measuring the relative fiscal capacity of each state and territory. The Commission recommends how the revenues raised from the goods and services tax (GST) should be distributed to each state and territory to achieve horizontal fiscal equalisation ...
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.
There are 171 principal entities other than the cabinet departments. These government agencies are classified by the Australian Government Organisations Register as either a non-corporate Commonwealth entity, a corporate Commonwealth entity, or a Commonwealth company. [2]
Budget documentation commences at the end of the ERC process. Agencies prepare two components: the portfolio budget statements and the mid-year economic and fiscal outlook. The portfolio budget statements provide additional details and explanations of the budget and the statement of risks, which is included in Budget Paper No. 1.
The Department of the Treasury, also known as The Treasury, is the national treasury and financial department of the federal government of the Commonwealth of Australia. The treasury is responsible for executing economic and fiscal policy, market regulation and the delivery of the federal budget with the department overseeing 16 agencies .
Australia, officially the Commonwealth of Australia, [17] is a country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands. [18] Australia has a total area of 7,688,287 km 2 (2,968,464 sq mi), making it the sixth-largest country in the world and the largest in Oceania .
The Commonwealth Fund is a private American foundation whose stated purpose is to "promote a high-performing health care system that achieves better access, improved quality, and greater efficiency, particularly for society's most vulnerable, including low-income people, the uninsured, and people of color." It is active in a number of areas ...
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 ...