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Finance Minister Mathias Cormann (left) with Prime Minister Malcolm Turnbull and Treasurer Scott Morrison.

No promises for small states in GST review

The federal government won't guarantee Tasmania and South Australia will be no worse off under potential changes to the way GST revenue is carved up among the states.

"You're getting way ahead of yourself," Finance Minister Mathias Cormann told ABC radio this morning, after the Turnbull government over the weekend ordered a review into the distribution of the consumption tax.

"We have initiated a Productivity Commission review and we obviously can't pre-empt what the findings and recommendations of that review will be."

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Comments

Apportioning the GST carve up correctly could also take a bit of heat out of the larger states, rather than just relying on interest rates.

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