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Ben Wyatt will meet with the Commonwealth Grants Commission next week. Photo: Attila Csaszar

WA submits GST change proposal

The state government has made a formal submission to the Commonwealth Grants Commission seeking a fairer share of the GST distribution, following lack of progress in talks on the issue last week in Perth.

Treasurer Ben Wyatt said WA had put its formal submission to the CGC’s review of its methods for allocating GST between the states and territories.

The state’s submission proposes a number of changes, including the acknowledgement that differences in states’ economies partly reflect their policies, as well as the ability for governments to make policy decisions without direct GST consequences.

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BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/07/17

1 year TSR5 year TSR
82ndAtlas Iron92%-58%
116thSouth3262%0%
177thFortescue Metals Group37%11%
272ndWoodside Petroleum14%3%
447thNorthern Star Resources-15%42%
710 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

20/04/17
$52k Bought
03/11/16
$6.9m Bought
23/09/16
$0 Other
Total value as at the date of the transaction
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Revenue

1st-Fortescue Metals Group$9,806.1m
2nd↑South32$8,262.9m
3rd-Woodside Petroleum$5,715.9m
4th↑Atlas Iron$803.7m
5th-Northern Star Resources$787.2m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

4thNev Power$5.324m
669thMark Barnaba$223k
786thSharon Warburton$170k
Ranked by total remuneration from all listed WA companies

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