Barnett bailout the new model for economic reform

Monday, 20 April 2015

It appears Colin Barnett’s ineptitude is to be rewarded, from the ABC:

Treasurer Joe Hockey has given a strong indication that the formula for dividing GST revenue amongst the states will be changed.

…”Clearly it is unfair to have one state receiving less than one-third of the GST paid by its citizens,” he said.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.