Stamp Duty on Cheques, Bills of Exchange and Promissory Notes. Stamp duty levied on cheques, bills of exchange, promissory notes, or other types of payment orders, promises to pay or acknowledgment of debts, including duty on electronic debits. APPENDIX B PAYMENT OF GST REVENUES TO THE STATES AND TERRITORIES
Stamp Duty on Cheques, Bills of Exchange and Promissory Notes. Stamp duty levied on cheques, bills of exchange, promissory notes, or other types of payment orders, promises to pay or acknowledgment of debts, including duty on electronic debits. Intergovernmental Agreement on the Reform of Schedule 1 Commonwealth-State Financial Relations APPENDIX B PAYMENT OF GST REVENUES TO THE STATES AND TERRITORIES B1. Subject to the transitional arrangements and other relevant provisions in 5 this Agreement, the Commonwealth will distribute GST revenue grants among the States and Territories in accordance with horizontal fiscal equalisation (HFE) principles. B2. The pool of funding to be distributed according to HFE principles in a financial year will comprise GST revenue grants and health care grants as 10 defined under an Australian Health Care Agreement between the Commonwealth and the States and Territories. A State or Territory’s share of the pool will be based on its population share, adjusted by a relativity factor which embodies per capita financial needs based on recommendations of the Commonwealth Grants Commission. The 15 relativity factor for a State or Territory will be determined by the Commonwealth Treasurer after he has consulted with each State and Territory. B3. The total amount of GST revenue to be provided to the States and Territories in a financial year will be defined as: 20 (i) the sum of GST collections, voluntary and notional payments made by government bodies, and amounts withheld pursuant to clause 18; reduced by (ii) the amounts paid or applied under Division 35 of the GST Act and under section 39 of the Taxation Administration Xxx 0000.
