Everything about The Commonwealth Grants Commission totally explained
The
Commonwealth Grants Commission is an
Australian government body that advises on
Australian Government (Commonwealth) financal assistance to the
states and territories of Australia.
The Commission is an advisory body that responds to terms of reference from the
Minister for Finance and Administration. These are generally requests for calculating appropriate ratios of per capita grants for distributing general revenue assistance from the Australian Government to the states and territories. The details of these references are usually negotiated between the Commonwealth, state and territory treasury departments before being formally issued by the Commonwealth Minister for Finance and Administration. The Commission reports to the Commonwealth Government and immediately after provides copies to the states and territories. The Commission's recommendations are then considered at the annual meetings of the Treasurers of the Commonwealth, state and territory.
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