GST REVENUE

In reply to Mr GRIFFITHS (Goyder) (25 June 2008).

The Hon. K.O. FOLEY (Port Adelaide—Deputy Premier, Treasurer, Minister for Industry and Trade, Minister for Federal/State Relations): I am advised that information on GST revenue categorised by product is not available.

It is the case that for each 1 cent increase in the price of fuel 0.0909 cents of GST is remitted to the Australian Taxation Office, ie 1/11^th.

How this translates into actual GST revenue received by the commonwealth from petrol depends on whether the purchaser is able to claim input tax credits (e.g. a registered business), which nets against the GST collected on the sale, how sensitive petrol usage is to price increases, and the extent to which any increased spending on petrol is offset by lower spending on other goods and services subject to GST.