The Australian Government provides explicit financial support to all Australian states and territories in the form of:
- the payment of grants under the principle of the Horizontal Fiscal Equalisation scheme
- the Australian Government’s Natural Disaster Relief and Recovery Arrangements, which provides reimbursement for eligible costs for natural disasters, and
- the offer of a time limited, voluntary guarantee over Australian state and territory borrowings from July 2009 to December 2010.
The following links contain more information about the fiscal relationship between the Australian Government and its states and territories.