House of Assembly Fifty-First Parliament, Second Session (51-2) 51 2 Parliament of South Australia House of Assembly published Answers to Questions Goods and Services Tax GOODS AND SERVICES TAX Mr HAMILTON-SMITH House of Assembly Waite Leader of the Opposition GOODS AND SERVICES TAX 229 Mr HAMILTON-SMITH (Waite—Leader of the Opposition) (23 October 2007). How much GST is collected on each 1 cent per litre increase in the price of fuel? The Hon. K.O. FOLEY House of Assembly Port Adelaide Deputy Premier Minister for Industry and Trade Minister for Federal/State Relations GOODS AND SERVICES TAX 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. However, if the question is taken literally, the answer is 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. Note that the extent to which GST collections are affected by increases in petrol prices, collections are also dependent on the price sensitivity of petroleum consumption and the extent to which any increases in spending on petrol is offset by lower expenditure on other goods and services that are subject to GST.