WA business leaders to challenge Malcolm Turnbull on GST

WA business leaders to challenge Malcolm Turnbull on GST
West Australia’s most prominent business leaders plan to confront Prime Minister Malcolm Turnbull over what they see as shortcomings in the distribution of the GST.

Wesfarmers and Woodside chairman Michael Chaney, mining billionaire Andrew “Twiggy” Forrest, property mogul Nigel Satterley and investment banker John Poynton are seeking a face to face to face meeting with the PM to sort it out.

The issue for WA is that the state’s share of GST revenue sits at 34 cents in the dollar when its economy is flat-lining. Add to that the state’s debt forecast to reach $42.3 billion by 2019-20 with the prospect of more Budget deficits over the next three years.

“The view is that this has gone on long enough,” Mr Poynton told the Sunday Times.

“What is happening is unfair and we believe the Federal Government should bring all States together to fix the problem and not disadvantage WA.”

“We just need to get in front of the Prime Minister and plead the case.”

West Australian Premier Mark McGowan yesterday warned that the government would be punished in WA if it failed to sort out the GST issue.

“The decision-making capacity is in the hand of the Prime Minister. That’s the person who can make the decision,” Mr McGowan told the ABC.

“And I just say to all federal parliamentarians, whoever is in government at a federal level is going to have to deal with this at some point in time because whoever the government is nationally is going to be punished for the existing situation.

“I’d say to Mr Turnbull, you’re in big trouble in Western Australia, you need to deal with this issue as soon as possible in your own interest as well as in the national interest.”

 



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