Perth, Western Australia
Joined May 2010
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Rick Newnham retweeted
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
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.
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
A new GST carve-up means the rest of Australia is subsidising Western Australia, one the most financially secure governments in the world. bit.ly/3eRE4Fu
Rick Newnham retweeted
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.
Rick Newnham retweeted
.@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.”
thewest.com.au/business/coro… via @westaustralian #wapol
Rick Newnham retweeted
“@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
Rick Newnham retweeted
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.
Honoured to be nominated by @ScottMorrisonMP as the 🇦🇺 candidate for @OECD Secretary-General. I look forward to speaking with #OECD members in coming months to continue to build #BetterLives through OECD’s important contribution #MultilateralismMatters
Rick Newnham retweeted
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 ⬇
Rick Newnham retweeted
“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.
#EXCLUSIVE | One of the nation’s biggest employers has urged national cabinet to prioritise reform of the antiquated tax system, saying it has been one of the key reasons for Australia’s slow jobs growth and falling investment. bit.ly/3kQfqFA
"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 theaustralian.com.au/comment…
Rick Newnham retweeted
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,
Rick Newnham retweeted
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: bit.ly/3fp1oIn
Sounds like a pretty good deal to me
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.
Rick Newnham retweeted
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.
Rick Newnham retweeted
Bunnings taking social distancing seriously, letting people in one at a time and with wipes 👍🏽
Rick Newnham retweeted
Solid response from the RBA - importantly, a low rate funding facility encouraging banks to assist small and medium sized businesses through this difficult time.
The RBA has cut the official cash rate to a record low 0.25 per cent - and announced a form of QE measures.
bit.ly/2Qs699i
Ben Wyatt has been an unstoppable force for good in WA. He brought the WA budget under control, ushered in the GST deal with Canberra and reduced payroll tax for small business owners. What’s more, he’s a great guy with a fierce intellect. An enormous loss for WA #wapol