The Council oversees the operation of the Intergovernmental Agreement on behalf of COAG. It monitors the implementation of reforms to federal financial relations. It oversees the operation of the Goods and Services Tax . It also reviews recommendations from the Commonwealth Grants Commission concerning GST revenue sharing relativities prior to the Commonwealth Treasurer making a determination. The Council was originally named the Ministerial Council on Federal Financial Relations but was renamed by COAG in 2013 as part of the streamlining of COAG Councils.
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