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Showing 1 - 3 of 3 results for "Petroleum Resource Rent Tax"

Increased tax a move to 'shut down' local oil and gas: Report

MATTHEW WAI  |  MONDAY, 13 APR 2026  |  NEWS
... with a current effective tax rate of as much as 57.5%. The current corporate income tax (CIT) and Petroleum Resource Rent Tax (PRRT) framework is also inherently a progressive, profit-based tax that captures additional tax revenue for government when ...

Polluting companies should pay their fair share: Superpower Institute

ANGELIQUE MINAS  |  THURSDAY, 29 JAN 2026  |  NEWS
... approximately 30% of fossil fuel company profits through a combination of corporate tax, royalties and the Petroleum Resource Rent Tax (PRRT). The proposed levies would lift Australian closer to international practise at 60% total tax level, compared ...

Net zero, energy transition key election items: Grattan

JAMIE WILLIAMSON  |  MONDAY, 17 MAR 2025  |  NEWS
... looming shortfall, redesign the Future Gas Strategy, update market controls, and make the most of the Petroleum Resource Rent Tax. Today, about 40% of all electricity is generated by renewables and the government's Capacity Investment Scheme was to see ...
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