Australia news live: Albanese promises ‘no change’ to WA’s share of GST; five arrested as police raid CFMEU headquarters

Australian Prime Minister Anthony Albanese has promised that Western Australia will not see any changes to its share of the Goods and Services Tax, or GST. This comes as a reassurance to the state, which has been concerned about potential changes to the tax distribution. The promise is significant for markets and trade, as it provides stability and certainty for businesses and investors in Western Australia.

Why it matters

The Australian government has promised to maintain the current GST share for Western Australia. This decision is expected to have a minimal impact on the market as it does not introduce any new changes or policies.

Market impact

Markets & countries in focus

Related coverage

• Police raid Starbucks Korea over controversial promotional event The Korea Times · 2026-08-05

Explore the intelligence

MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Guardian. For information only — not financial advice.