Overview

• Independent MP Kate Chaney and economist Richard Holden have proposed raising the GST from 10% to 15% and extending it to essentials such as food, health, education, childcare, water and sewerage.
• Under the model every Australian adult would receive a $3,300 annual rebate to offset the higher and broader GST on initial spending.
• Forecasts indicate the overhaul could generate $92.5 billion in new revenue, cost $68.8 billion in rebates and leave roughly $24 billion for public services or personal tax cuts.
• Advocates argue a consumption-based tax is more efficient than income tax and could boost productivity without burdening low- and middle-income households.
• Participants are also examining NDIS cost pressures and other tax shifts as part of a broader push to sustain social programs and drive economic growth.