RAJ REPORT

What happened to FISCAL PRINCIPALS IN QUEENSLAND such as ————Fully funding long term liabilities such as superannuation and workers’ compensation

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Queensland’s  fiscal  position  in  the  1990s  was  by  any  measure  the  strongest  of  all  the   Australian  states,  largely  due  to  the  application  of  fiscal  principles  which  became  known  as   ‘The  Trilogy’.    While  the  wording  changed  over  time,  the  three  core  elements remained:                                                                                                                                                                                                                                                                                                                           1. Fully  funding  long  term  liabilities  such  as  superannuation  and  workers’  compensation                                                                                                                                                                                                                                                         2. Borrowing  only  for  assets that  generated  an  income  stream  sufficient  to  service  the  debt 3. Maintaining  Queensland  as  the  ‘low  tax  State’.

 

 

https://www.treasury.qld.gov.au/publications-resources/review-of-state-finances/review-of-state-finances.pdf.

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One thought on “What happened to FISCAL PRINCIPALS IN QUEENSLAND such as ————Fully funding long term liabilities such as superannuation and workers’ compensation

  1. Unbelievable. If a public listed company did this ASIC would be all over them!

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