Latest news with #DavidJanetzki
Perth Now
17 hours ago
- Business
- Perth Now
Row erupts over state's $2.5bn brag
Cash-strapped state governments are looking west with envy as Western Australia pulls in its large slice of the GST carve up despite the healthiest books in the country. Resource-rich WA posted a $2.5bn operating surplus on Thursday – it's seventh budget surplus in a row. From Friday it is set to receive its share of the GST pool of 75 cents in the dollar, despite its strong revenue stream from its resources sector. State premiers and treasurers have been agitating for changes to the GST distribution, since the final figures were announced in March, and ahead of the funds formally being dished out on Friday. WA Premier Roger Cook and Treasurer Rita Saffioti delivered the state Labor government's seventh straight surplus this week. NewsWire / Philip Gostelow Credit: News Corp Australia WA is still enjoying the windfalls of a 2018 GST deal struck under previous Coalition government by then-treasurer Scott Morrison and backed in by the Albanese government, where WA is guaranteed 75 cents of every dollar paid in GST. Without this benchmark, WA would have received as little as 18 cents back. The WA Premier and Treasurer credited their economic management for this week's operating surplus and healthy debt forecasts. Iron ore prices are hovering at $US95 while the state government has done its forecasting with an expectation of $US72 a tonne. But every state and territory except WA has been posting deficits since the 75 cent distribution reforms in 2018. Queensland Treasurer David Janetzki says his state is being punished for economic productivity. NewsWire / Tertius Pickard Credit: News Corp Australia The Queensland Treasurer feels short-changed, as strong coal royalties pad the state coffers. Victoria and NSW's slices of the GST pie are set to expand while Queensland's portion gets a trim. 'This money belongs to Queenslanders and we should not be punished because of our support for industries that underpin our national wealth,' state Treasurer David Janetzki said. The impending Queensland state budget, to be delivered on Tuesday, will show the effects of a dip in coal prices after an $8.8bn royalties windfall during the past four years. Despite the Sunshine State's royalty take coming down, Queensland's GST payout this year falls by $1.1bn to $16.5bn. In a speech to the National Press Club on Wednesday, federal Treasurer Jim Chalmers, who has historically opposed raising the GST rate, left the door slightly open to raising it from 10 per cent – the amount the excise has remained for the past 25 years. 'I've, for a decade or more, had a view about the GST,' he told The Conversation. 'I repeated that view at the Press Club because I thought that was the honest thing to do, but what I'm going to genuinely try and do, whether it's in this policy area or in other policy areas, is to not limit what people might bring to the table.' Queensland Nationals Senator Matt Canavan is a big fan of coal, and royalties on the natural resource have hugely benefited the state budget in the past few years. NewsWire / Dylan Robinson Credit: NCA NewsWire This year, Queensland is the only state or territory getting less than previous years, while every other jurisdiction is getting more. Victoria is set to become a net-recipient of the GST pool for the first time as well. 'It used to be the case that our friends in Victoria would help us shoulder the burden in supporting all the other states,' NSW Treasurer Daniel Mookhey said last month. 'Victoria is now a recipient state, to quite a large degree, $1.07 (per dollar taxed) is what they're getting. 'I'm going to continue to speak out, particularly about the fact that NSW is now carrying the federation when it comes to GST distribution.' The Northern Territory receives $5.15 for every dollar it contributes, far and away the largest return. Despite having the second largest population, Victoria receives the largest portion of the total pool, getting 27.5 per cent; with a $3.6bn year-on-year increase this time around.
Sydney Morning Herald
7 days ago
- Business
- Sydney Morning Herald
Queensland government expands sport voucher program
The Queensland government will on Sunday announce an expansion of the free sports voucher program for children aged between 5 and 17. Loading These have been known as FairPlay Vouchers – but it is understood they are being rebranded as Play On Vouchers. The voucher amount stays the same at $200, and a limit of one per child per year. According to government sources, more vouchers are being made available, with two separate lots of vouchers being released across summer and winter. There will also be separate allocations for regional and rural children. Budget figures given to Treasury Officials indicate $62.5 million will be included in the budget each year for these vouchers – up from $40 million last year. Treasurer David Janetzki will hand down the 2025-26 budget on June 24.
The Age
7 days ago
- Business
- The Age
Queensland government expands sport voucher program
The Queensland government will on Sunday announce an expansion of the free sports voucher program for children aged between 5 and 17. Loading These have been known as FairPlay Vouchers – but it is understood they are being rebranded as Play On Vouchers. The voucher amount stays the same at $200, and a limit of one per child per year. According to government sources, more vouchers are being made available, with two separate lots of vouchers being released across summer and winter. There will also be separate allocations for regional and rural children. Budget figures given to Treasury Officials indicate $62.5 million will be included in the budget each year for these vouchers – up from $40 million last year. Treasurer David Janetzki will hand down the 2025-26 budget on June 24.
ABC News
06-06-2025
- Business
- ABC News
Queensland treasurer flags extra $1.4b in state budget for CopperString
Queensland's treasurer has vowed the government will not pay for further cost increases to the multi-billion-dollar CopperString 2032 energy project, after allocating more money in this year's budget. Treasurer David Janetzki revealed in Townsville that $2.4 billion had been committed to the project, an increase of $1.4 billion from the previous Labor government's budget. The 1,100 kilometres of power line network from Townsville to Mount Isa would connect towns and mines to the national electricity market for the first time. In April, the government announced private investment would be sought after costs blew out to $13.9 billion, a figure contested by government-owned corporation Powerlink, which costed the project at $9 billion late last year. Mr Janetzki said CopperString 2032 would go ahead, but stressed its details were still under review. "I want to make sure CopperString doesn't cost $13.9 billion dollars," he said. Earlier this year, the state government announced a major change to the scope of the project — that Powerlink would begin construction on the Hughenden-to-Townsville section of the project, while private investment was being sought to construct the Hughenden-to-Mount Isa section through the Queensland Investment Commission. "There will be additional investment into CopperString in the years ahead," Mr Janetzki said. "There will need to be, but I'm very clear we will be delivering that for less than $13.9 billion. "What I want to see is QIC do its work." Flinders Shire Mayor Kate Peddle said her community — centred on the western Queensland town of Hughenden — was tired of announcements and wanted action. "I joke with our councillors that we have one bottle of champagne left in the fridge and we'll be leaving that until we see one tower go up," she said. Deputy Opposition Leader Cameron Dick said the government was being deliberately misleading about whether it would deliver the project in its entirety. "We're going to hold this government to its promises to deliver CopperString all the way from Townsville to Mount Isa, and we see the government moving away from that promise," he said. Construction work on the transmission line is expected to start in Hughenden by the end of the year.
The Advertiser
29-05-2025
- Business
- The Advertiser
Cash, cars and contraband: tobacco raids target shops
A fake wall full of cash has been found along with a secret tobacco store in a crackdown on illegal traders. Almost $500,000 in cash and assets including a top of the range Mercedes has been seized after Queensland launched raids on the tobacco black market. Raids were carried out on more than 20 stores across the state's southeast after the shops were fined for selling illegal tobacco but failed to pay the penalties. During one raid, police officers found the shop owner was trying to hide cash behind a fake wall in the back of their store. Another was operating a hidden tobacco shop at the rear of their retail store. Officers have seized $468,000 in cash and other assets, including a Mercedes AMG and an SUV, during the raids since early May. "Our officers will continue to ensure these debtors face consequences by seizing their cash and other property until these debts are paid," State Penalties Enforcement Registry director Kim Easton said. It comes months after a Queensland Health operation seized more than 76,000 vapes, 19 million illicit cigarettes and 3.6 tonnes of loose illicit tobacco. The haul had an estimated street value of $20.8 million. Queensland introduced nation-leading fines for retail store operators who sold illegal tobacco and vapes in April. Individuals can be fined $32,260, up from $3226, and corporations can be slapped with $161,300, up from $16,130. It follows laws introduced in September, enabling authorities to close offending businesses for up to six months - a penalty no other state has introduced. Treasurer David Janetzki said a number of stores had chosen to close permanently due to the recent enforcement actions. "We'll continue to support SPER and other agencies so they can use their full powers under the law to prevent chop shops from selling illegal tobacco and vapes, particularly to young Queenslanders," he said. Illegal tobacco sales have prompted violence in southern states, with more than 100 firebombings in Victoria in two years, while seven men have been arrested across Sydney over the theft of illegal cigarettes and chop-chop, or loose tobacco, in the past year. It is believed the attacks and thefts are a result of ongoing wars between criminal gangs over illegal tobacco profits. A fake wall full of cash has been found along with a secret tobacco store in a crackdown on illegal traders. Almost $500,000 in cash and assets including a top of the range Mercedes has been seized after Queensland launched raids on the tobacco black market. Raids were carried out on more than 20 stores across the state's southeast after the shops were fined for selling illegal tobacco but failed to pay the penalties. During one raid, police officers found the shop owner was trying to hide cash behind a fake wall in the back of their store. Another was operating a hidden tobacco shop at the rear of their retail store. Officers have seized $468,000 in cash and other assets, including a Mercedes AMG and an SUV, during the raids since early May. "Our officers will continue to ensure these debtors face consequences by seizing their cash and other property until these debts are paid," State Penalties Enforcement Registry director Kim Easton said. It comes months after a Queensland Health operation seized more than 76,000 vapes, 19 million illicit cigarettes and 3.6 tonnes of loose illicit tobacco. The haul had an estimated street value of $20.8 million. Queensland introduced nation-leading fines for retail store operators who sold illegal tobacco and vapes in April. Individuals can be fined $32,260, up from $3226, and corporations can be slapped with $161,300, up from $16,130. It follows laws introduced in September, enabling authorities to close offending businesses for up to six months - a penalty no other state has introduced. Treasurer David Janetzki said a number of stores had chosen to close permanently due to the recent enforcement actions. "We'll continue to support SPER and other agencies so they can use their full powers under the law to prevent chop shops from selling illegal tobacco and vapes, particularly to young Queenslanders," he said. Illegal tobacco sales have prompted violence in southern states, with more than 100 firebombings in Victoria in two years, while seven men have been arrested across Sydney over the theft of illegal cigarettes and chop-chop, or loose tobacco, in the past year. It is believed the attacks and thefts are a result of ongoing wars between criminal gangs over illegal tobacco profits. A fake wall full of cash has been found along with a secret tobacco store in a crackdown on illegal traders. Almost $500,000 in cash and assets including a top of the range Mercedes has been seized after Queensland launched raids on the tobacco black market. Raids were carried out on more than 20 stores across the state's southeast after the shops were fined for selling illegal tobacco but failed to pay the penalties. During one raid, police officers found the shop owner was trying to hide cash behind a fake wall in the back of their store. Another was operating a hidden tobacco shop at the rear of their retail store. Officers have seized $468,000 in cash and other assets, including a Mercedes AMG and an SUV, during the raids since early May. "Our officers will continue to ensure these debtors face consequences by seizing their cash and other property until these debts are paid," State Penalties Enforcement Registry director Kim Easton said. It comes months after a Queensland Health operation seized more than 76,000 vapes, 19 million illicit cigarettes and 3.6 tonnes of loose illicit tobacco. The haul had an estimated street value of $20.8 million. Queensland introduced nation-leading fines for retail store operators who sold illegal tobacco and vapes in April. Individuals can be fined $32,260, up from $3226, and corporations can be slapped with $161,300, up from $16,130. It follows laws introduced in September, enabling authorities to close offending businesses for up to six months - a penalty no other state has introduced. Treasurer David Janetzki said a number of stores had chosen to close permanently due to the recent enforcement actions. "We'll continue to support SPER and other agencies so they can use their full powers under the law to prevent chop shops from selling illegal tobacco and vapes, particularly to young Queenslanders," he said. Illegal tobacco sales have prompted violence in southern states, with more than 100 firebombings in Victoria in two years, while seven men have been arrested across Sydney over the theft of illegal cigarettes and chop-chop, or loose tobacco, in the past year. It is believed the attacks and thefts are a result of ongoing wars between criminal gangs over illegal tobacco profits. A fake wall full of cash has been found along with a secret tobacco store in a crackdown on illegal traders. Almost $500,000 in cash and assets including a top of the range Mercedes has been seized after Queensland launched raids on the tobacco black market. Raids were carried out on more than 20 stores across the state's southeast after the shops were fined for selling illegal tobacco but failed to pay the penalties. During one raid, police officers found the shop owner was trying to hide cash behind a fake wall in the back of their store. Another was operating a hidden tobacco shop at the rear of their retail store. Officers have seized $468,000 in cash and other assets, including a Mercedes AMG and an SUV, during the raids since early May. "Our officers will continue to ensure these debtors face consequences by seizing their cash and other property until these debts are paid," State Penalties Enforcement Registry director Kim Easton said. It comes months after a Queensland Health operation seized more than 76,000 vapes, 19 million illicit cigarettes and 3.6 tonnes of loose illicit tobacco. The haul had an estimated street value of $20.8 million. Queensland introduced nation-leading fines for retail store operators who sold illegal tobacco and vapes in April. Individuals can be fined $32,260, up from $3226, and corporations can be slapped with $161,300, up from $16,130. It follows laws introduced in September, enabling authorities to close offending businesses for up to six months - a penalty no other state has introduced. Treasurer David Janetzki said a number of stores had chosen to close permanently due to the recent enforcement actions. "We'll continue to support SPER and other agencies so they can use their full powers under the law to prevent chop shops from selling illegal tobacco and vapes, particularly to young Queenslanders," he said. Illegal tobacco sales have prompted violence in southern states, with more than 100 firebombings in Victoria in two years, while seven men have been arrested across Sydney over the theft of illegal cigarettes and chop-chop, or loose tobacco, in the past year. It is believed the attacks and thefts are a result of ongoing wars between criminal gangs over illegal tobacco profits.
