The Role of Government in Australia (HSC SSCE Economics): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Australia's levels of government
Australia's levels of government
Three-tiered: Commonwealth, State/Territory, Local
Number of local governments in Australia
Number of local governments in Australia
537 councils
Year Australia became a federal system
Year Australia became a federal system
1901
Vertical fiscal imbalance meaning
Vertical fiscal imbalance meaning
Commonwealth has tax power, states have spending duties
When Commonwealth took over income tax
When Commonwealth took over income tax
Second World War
Largest revenue source for states
Largest revenue source for states
Goods and Services Tax (GST)
NSW health spending % of budget
NSW health spending % of budget
28%
NSW education spending % of budget
NSW education spending % of budget
22%
% of local govt revenue from rates
% of local govt revenue from rates
Approximately 75%
Number of state governments in Australia
Number of state governments in Australia
Six