(1) The Minister may determine that a factor specified in the determination is the GST revenue sharing relativity for a State for a payment year.
(2) Before making a determination under subsection (1), the Minister must consult each of the States.
(2A) A factor determined under subsection (1) for a State for the 2022 - 23 payment year or the 2023 - 24 payment year must be greater than or equal to 0.7.
(2B) A factor determined under subsection (1) for a State for the 2024 - 25 payment year or a later payment year must be greater than or equal to 0.75.
(3) A determination under subsection (1) is a legislative instrument, but section 42 (disallowance) of the Legislation Act 2003 does not apply to the determination.