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States to forgo GST windfall as fuel prices surge: Chris Minns
March 30, 2026
Sky News Australia
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NSW Premier Chris Minns says New South Wales will join other states in giving up unexpected GST windfall gains driven by rising fuel prices. “The states expected, over a 12-month period, to raise about $3 billion in GST from fuel sales in a single year. That number had increased as a result of the higher fuel price,” Mr Minns told Sky News Australia “It hadn’t been budgeted into our economy.
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I don’t think any state or territory wants to profit from people paying so much at the bowser.”
Sky News Australia
Coverage and analysis from Australia. All insights are generated by our AI narrative analysis engine.
Australia
Bias: right