Payment advice to the Commonwealth Treasurer
The Administrator provides payment advice to the Commonwealth Treasurer for the following purposes:
- as input to the Commonwealth Budget, based on initial estimates of activity from States and Territories
- establishing Commonwealth contributions for the future financial year, based on confirmed estimates of activity from States and Territories
- updating Commonwealth contributions for the current financial year, based on revised activity estimates from States and Territories
- as input to the Mid-Year Economic and Fiscal Outlook (MYEFO)
- updating Commonwealth contributions following the Six-month Reconciliation and Annual Reconciliation.
A summary of the Administrator's February 2025 payment advice provided to the Commonwealth Treasurer is outlined below.
Table 1: Commonwealth NHR funding payable in 2024-25
| $ billion | 2023-24 NHR Actual Entitlement | 2024-25 NHR Estimated Entitlement | Variation |
|---|---|---|---|
| NSW | $8.350 | $8.893 | $0.543 |
| VIC | $6.854 | $7.299 | $0.445 |
| QLD | $6.639 | $7.071 | $0.432 |
| WA | $3.054 | $3.252 | $0.198 |
| SA | $1.920 | $2.045 | $0.125 |
| TAS | $0.621 | $0.658 | $0.038 |
| ACT | $0.511 | $0.544 | $0.033 |
| NT | $0.400 | $0.426 | $0.026 |
| Total | $28.349 | $30.189 | $1.840 |
Components may not add to totals due to rounding.