MINISTER in the Ministry of Finance Brian Manning reveals that $5.1 billion in VAT refunds were still owed to businesses.
He made the announcement in the Upper House on Tuesday in response to a question by Opposition Senator Damian Lyder.
He had asked: “Given the Minister’s May 2023 update on VAT refunds indicated that $7.8 billion was still
outstanding to manufacturers, can the Minister provide an update on the amount still outstanding
as at the end of August 2023?”
Manning replied: “The outstand VAT refunds amounted to $5.1 billion as of August 31, 2023.”
Lyder asked if the refunds paid from the outstanding $7.8 billion were from the Consolidated Fund or via government bonds.
Manning said Lyder must asked the question on notice in the prescribed manner to get a response.
