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PM reassures Tasmania on GST

Money

Prime Minister Malcolm Turnbull has assured Tasmania it's share of the GST carve up wont be affected if there is a shake up.

A Productivity commission report looked into the way GST is distributed around the states and will be released publicly in the coming weeks.

Yesterday Mathias Cormann said Tasmania would "not lose a cent" if any changes were made.

Today Mr Turnbull reaffirmed that sentiment.

"I can confirm that Tasmania will not lose a cent from any changes," he said.

"Clearly the GST has been a formula which hardly anyone understands, has been a bone of contention."