Rules for carving up the GST should be overhauled to encourage the states to fix inefficient and unproductive stamp duty rules, newly elected Liberal MP Simon Kennedy says.
In his maiden speech to parliament on Tuesday night, the member for the Sydney seat of Cook said state governments were concerned stamp duty and payroll tax changes would cause them to lose out on goods and services tax revenue from the federal government.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com