JSB171 Lecture Notes - Lecture 1: Australian National University, The Treasury (New South Wales), Fiscal Imbalance
Document Summary
During a period of ten years after the establishment of the. Commonwealth and thereafter until the parliament otherwise provides, the parliament may grant financial assistance to any state on such terms and conditions as the parliament thinks fit. Intended originally to be a transitional provision: text 1120. Constitution, be paid to the several states, or applied towards the payment of interest on debts of the several states taken over by the commonwealth. Victoria v commonwealth (federal roads case) (1926) 38 clr 399. Grants to finance work on roads: plainly warranted by the provisions of sec 96 : 406. Deputy federal commissioner of taxation (nsw) v wr moran pty ltd (1939) 61. Wheat tax appropriated back to the states, disputed on basis of discrimination under ss51(ii)&(iii: discrimination is prohibited in laws, taxation: s51(ii, bounties: s51(iii, regulation of trade & commerce: s99.
