Where do the federal, state and local governments get their money from?

Thank you for the great question!

The Australian Government (the federal government) gets most of the money it needs through taxation. These taxes include:

• the Goods and Services Tax (GST)
• income tax
• other taxes, such as company tax
• custom charges (taxes on goods entering or leaving the country).

The state and territory governments raise money from:

• duties, charges and taxes, such as stamp duty on the purchase of a house
• grants from the federal government.

Local governments raise money from:

• rates, and duties and charges, such fees for pet registration
• grants from state and federal governments.