Rick Newnham

[Rick Newnham @RickNewnham]

States deserve to benefit from doing the heavy lifting to grow their own economy. Fixing the GST will ensure that WA is no longer punished for developing its resources which is good for every Australian. #auspol #wapol

[Deidre Willmott @DeidreWillmott]

According to today’s WA Budget Papers: “If not for the reforms, Western Australia’s relativity would have decreased to just 9.8% in 2023-24 …highlighting the critical nature of the 2018 GST distribution reforms.”
@CCI_WA @RickNewnham

[Rick Newnham @RickNewnham]

A 1% GST share is what WA would receive in two years without the GST deal, according to the WA budget. It would be 15.8% this year.
Instead we will receive 70% and every other state is still better off. Advocating to reverse this deal is indefensible.

[Rick Newnham @RickNewnham]

This article contains many errors inc:
-70c floor = WA not contributing (we still lose the most)
-WA is rolling in cash (we’re heavily in debt)
-changes don’t reflect Productivity Commission review

The GST fix is in the national interest. Every state still wins from WA’s success

[Financial Review @FinancialReview]

A new GST carve-up means the rest of Australia is subsidising Western Australia, one the most financially secure governments in the world. https://t.co/6Lel2QHmW1

[Shane Wright @swrighteconomy]

And for the GST tragics - WA Treasury expects federal taxpayers to chip in $1.5b this year and $2b next fin year into the GST pool to make sure WA gets at least 70c in the dollar of GST.

[Jenna Clarke @jennamclarke]

.@Wesfarmers boss Rob Scott calls for clarity on lingering restrictions in WA.

“Business cannot turn on and off like a light switch, and to do so is incredibly costly.”

https://t.co/1Fvx0lpomp via @westaustralian #wapol

[Rick Newnham @RickNewnham]

@LouiseMomber @9NewsPerth You will be missed Louise! All the best for you and your family in Canberra.

[CCIWA @CCI_WA]

“@CCIWA has been fantastic in supporting our work to secure a fairer better GST deal for WA... there was a $1.5 bn GST top-up payment as a result of our reforms, and - so I read - a $1.2 bn state surplus. Well, no top-up, no surplus.” @MathiasCormann at the CCIWA Budget Briefing

[Hon. Scott Morrison AC @ScoMo30]

No better candidate that Australia could ever put forward for Secretary-General of the @OECD than @MathiasCormann. Was proud to announce our intention to formally nominate Mathias once he retires from the Parliament later this month.

[Business Council of Australia @BCAcomau]

We have managed the COVID crisis relatively successfully compared with other countries, but we can’t waste a moment to prioritise the creation of new jobs, help people back into work and get businesses back up and running.

Full release ⬇

[Wesfarmers Limited @Wesfarmers]

“Jobs matter immensely to our wellbeing. Unfortunately for far too many Australians, a job is currently out of reach or at risk."

Managing Director Rob Scott's comments on tax reform in the @australian today.

[Rick Newnham @RickNewnham]

"We need a cutting-edge, competitive system better suited to 2020, not 1999 when it was last reformed – almost a decade before the first iPhone was released" - Wesfarmers CEO Rob Scott writing on the need for tax reform in The Australian today. @R_Scott88 https://t.co/zerXeQm8i7

[Wesfarmers Limited @Wesfarmers]

Wesfarmers is today advising all permanent team members affected by the current Stage 4 restrictions in metropolitan Melbourne that they will remain employed and paid fully for the duration of the current six week lockdown,

[Mark Humphries @markhumphries]

BUNNINGS SECURITY: Australia’s Front Line Against ‘Karens’

[Wesfarmers Limited @Wesfarmers]

The Kmart Group is thrilled to announce the appointment of former Amazon Vice President Pete Sauerborn as the new Managing Director of @catch_au.

Read more: https://t.co/q2RTImlb9A

[Rick Newnham @RickNewnham]

Sounds like a pretty good deal to me

[Shane Wright @swrighteconomy]

GST relativities out @G_Parker ...WA's share to fall from 51.9 c/d to 45 c/d. But cap means fed budget will have to cough up almost $2b to bring WA's share to the 70c floor.

[Mathias Cormann @MathiasCormann]

@AntonyGreenABC We sorted that some time ago. Our reforms to fix GST sharing arrangements for WA and for Australia were legislated through the Federal Parliament back in 2018.

[Sean Parnell 🫶🏼 @seanparnell]

Bunnings taking social distancing seriously, letting people in one at a time and with wipes 👍🏽

[Ben Wyatt @benwyatt]

Solid response from the RBA - importantly, a low rate funding facility encouraging banks to assist small and medium sized businesses through this difficult time.