New State-Treasurers body to give states a bigger say

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New State-Treasurers body to give states a bigger say

NSW Treasurer Dominic Perrottet has confirmed the state will proceed with its plan for the formation of a new body of Treasurers to progress state and territory issues.

Mr Perrottet made the announcement ahead of the meeting in Sydney today of the Council on Federal Financial Relations (CFFR) which includes all federal, state and territory treasurers.

“States and territories need to derive substantially more value from the CFFR process,” Mr Perrottet said.

“I want to see a federation where states and territories are setting the national agenda, helping one another achieve their full potential, and making the whole nation stronger.

“Unless we come together at the state and territory level, our chances of resolving any of these issues by relying on the current processes are slim.

“There is naturally frustration amongst the states about issues in which we feel we require greater autonomy for the good of our communities and of the nation.

“It is an opportunity to play a more active and agenda setting role in federal affairs – something I believe is currently lacking.

“During discussions with states and territories during their visit to Sydney, I have urged them to give serious consideration to a new body, like a Board of Treasurers, to progress key issues.

“The GST redistribution is a prime example of a critical issue on which we could meet separately to CFFR to address and coordinate improvements.

“I will continue to argue for this proposal in the coming months, as NSW is prepared to establish an Office of the Board of Treasurers by the end of this year,” Mr Perrottet said.

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