Iron Reich threatens bailout blockade
It’s wondrous to watch:
The West Australian understands that the Commonwealth Grants Commission has examined – but dismissed – WA Treasurer Mike Nahan’s proposal to overhaul the way mineral royalties are treated in the annual GST carve-up.
Asked what WA’s response would be to the GST system not changing, Dr Nahan answered: “Basic non-co-operation.”
WA is already blocking moves supported by all other States to lower the GST threshold on imported goods.
Let us recall that it was Dr Nahan that budgeted the following farce:

Mining royalties made up 21% of Western Australian revenue in 2013-14, which was forecast to increase to 24% by 2017-18, with iron ore accounting for about 90% of total royalty income across the forecast period (see below chart and tables).


How about you just resign, matey?
