If the Commonwealth government’s proposed reforms for the distribution of the GST revenue between the States and Territories is implemented, about a billion dollars a year of additional commonwealth funds will be spent to ensure “no state will be worse off”. But where the extra funds will come from is left to the imagination.

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​Trading of Godfreys stock will be suspended at the close of business Friday, 6th July, with the company officially exiting the ASX at the close of businesses the following Wednesday, 11th.

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​Treasurer Scott Morrison has promised big states will no longer be unreasonably subsidising small states in a new GST carve-up with funding boosts totalling $5.2 billion over the next eight years.

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