Just in case you're wondering why the gas industry hates the idea of a 25% gas export tax and wants to keep the PRRT
April 13, 2026 at 7:13 AM
Just in case you're wondering why the gas industry hates the idea of a 25% gas export tax and wants to keep the PRRT
The Petroleum Resource Rent Tax (PRRT) is unfit-for-purpose.
Currently the govt raises significantly more revenue from HECS repayments than it does from PRRT.
I’m calling for sensible, overdue reforms:
• Reduce the PRRT deductions cap from 90% to 80%
• Remove the 7-year exemption period
#auspol
Currently the govt raises significantly more revenue from HECS repayments than it does from PRRT.
I’m calling for sensible, overdue reforms:
• Reduce the PRRT deductions cap from 90% to 80%
• Remove the 7-year exemption period
#auspol
June 5, 2025 at 5:03 AM
The Petroleum Resource Rent Tax (PRRT) is unfit-for-purpose.
Currently the govt raises significantly more revenue from HECS repayments than it does from PRRT.
I’m calling for sensible, overdue reforms:
• Reduce the PRRT deductions cap from 90% to 80%
• Remove the 7-year exemption period
#auspol
Currently the govt raises significantly more revenue from HECS repayments than it does from PRRT.
I’m calling for sensible, overdue reforms:
• Reduce the PRRT deductions cap from 90% to 80%
• Remove the 7-year exemption period
#auspol
“PRRT receipts are assumed to remain constant as a share of GDP beyond the forward estimates”
Of course.
Of course.
September 21, 2026 at 2:51 AM
“PRRT receipts are assumed to remain constant as a share of GDP beyond the forward estimates”
Of course.
Of course.
“Australia is continuing to collect more revenue from HECS fees than it gets from the PRRT."
- Richard Denniss, Executive Director
In 2023-24 Australian HECS/HELP revenue rose to $5.1bn while PRRT fell to less than a quarter that amount to just $1.1bn. @richarddenniss.bsky.social #auspol
- Richard Denniss, Executive Director
In 2023-24 Australian HECS/HELP revenue rose to $5.1bn while PRRT fell to less than a quarter that amount to just $1.1bn. @richarddenniss.bsky.social #auspol
July 23, 2025 at 7:04 AM
“Australia is continuing to collect more revenue from HECS fees than it gets from the PRRT."
- Richard Denniss, Executive Director
In 2023-24 Australian HECS/HELP revenue rose to $5.1bn while PRRT fell to less than a quarter that amount to just $1.1bn. @richarddenniss.bsky.social #auspol
- Richard Denniss, Executive Director
In 2023-24 Australian HECS/HELP revenue rose to $5.1bn while PRRT fell to less than a quarter that amount to just $1.1bn. @richarddenniss.bsky.social #auspol
Gas prices are driving electricity costs higher. Good thing we're getting all that PRRT money right? Right??
www.theguardian.com/business/gro...
www.theguardian.com/business/gro...
November 27, 2025 at 12:16 AM
Gas prices are driving electricity costs higher. Good thing we're getting all that PRRT money right? Right??
www.theguardian.com/business/gro...
www.theguardian.com/business/gro...
Here's an idea for tax reform:
1. stop subsidising gas and coal mining
2. start making them pay their fair share of tax
You can help by adding your name to our petition to increase the PRRT: theaus.in/increasePRRT #auspol
1. stop subsidising gas and coal mining
2. start making them pay their fair share of tax
You can help by adding your name to our petition to increase the PRRT: theaus.in/increasePRRT #auspol
✍️ SIGN: Demand the gas industry pays its fair share. Fix the PRRT!
The government collects more money from HECS than it does from the PRRT.
Australians are missing out on important revenue for public services while gas companies make record profits.
We need to inc...
theaus.in
November 27, 2024 at 3:15 AM
Here's an idea for tax reform:
1. stop subsidising gas and coal mining
2. start making them pay their fair share of tax
You can help by adding your name to our petition to increase the PRRT: theaus.in/increasePRRT #auspol
1. stop subsidising gas and coal mining
2. start making them pay their fair share of tax
You can help by adding your name to our petition to increase the PRRT: theaus.in/increasePRRT #auspol
quero que vcs comecem a traduzir as novels da salmon prrt
October 2, 2024 at 12:31 AM
quero que vcs comecem a traduzir as novels da salmon prrt
Is anyone surprised that tinkering around the edges of the PRRT didn't work? That we're getting billions less tax from big gas than we thought a year ago?
Remember, 80% of Australia’s gas is exported and no gas export project has ever paid PRRT. Who can say that this is a good deal? #auspol
Remember, 80% of Australia’s gas is exported and no gas export project has ever paid PRRT. Who can say that this is a good deal? #auspol
June 4, 2025 at 11:39 PM
Is anyone surprised that tinkering around the edges of the PRRT didn't work? That we're getting billions less tax from big gas than we thought a year ago?
Remember, 80% of Australia’s gas is exported and no gas export project has ever paid PRRT. Who can say that this is a good deal? #auspol
Remember, 80% of Australia’s gas is exported and no gas export project has ever paid PRRT. Who can say that this is a good deal? #auspol
Senator David Pocock agrees, we need a petroleum resource rent tax that works
And when Australia is the second biggest exporter in the world, but over half of the gas exported attracts no royalties, you know big gas is taking the piss!
#auspol
And when Australia is the second biggest exporter in the world, but over half of the gas exported attracts no royalties, you know big gas is taking the piss!
#auspol
June 6, 2025 at 9:36 AM
I’m doing my part. Why can’t the gas industry
David Pocock is right: more tax is raised from beer than from petroleum resource rent tax (PRRT)
Senator David Pocock has produced viral social media content claiming that Australia’s beer tax raises more revenue than the gas industry pays in Petroleum Resource Rent Tax (PRRT). Can more public mo...
thepoint.com.au
February 17, 2026 at 6:19 AM
I’m doing my part. Why can’t the gas industry
Not that it was ever in doubt, but the gas companies' jimmies are very rustled, so here you go:
thepoint.com.au/factchecks/2...
thepoint.com.au/factchecks/2...
David Pocock is right: more tax is raised from beer than from petroleum resource rent tax (PRRT)
Senator David Pocock has produced viral social media content claiming that Australia’s beer tax raises more revenue than the gas industry pays in Petroleum Resource Rent Tax (PRRT). Can more public mo...
thepoint.com.au
February 17, 2026 at 5:52 AM
Not that it was ever in doubt, but the gas companies' jimmies are very rustled, so here you go:
thepoint.com.au/factchecks/2...
thepoint.com.au/factchecks/2...
The gas industry has chosen to focus on exports, the PRRT was set up to tax oil in the Bass Strait. It ain't working
That's why we need a 25% tax on gas exports
That's why we need a 25% tax on gas exports
April 20, 2026 at 11:41 PM
The gas industry has chosen to focus on exports, the PRRT was set up to tax oil in the Bass Strait. It ain't working
That's why we need a 25% tax on gas exports
That's why we need a 25% tax on gas exports
Australia Institute research shows that Australians pay more in HECS/HELP repayments than gas companies pay in Petroleum Resource Rent Tax (PRRT). #auspol
Sign our petition calling on the government to fix the PRRT
✍ nb.australiainstitute.org.au/increase_the...
Sign our petition calling on the government to fix the PRRT
✍ nb.australiainstitute.org.au/increase_the...
August 5, 2025 at 1:09 AM
Australia Institute research shows that Australians pay more in HECS/HELP repayments than gas companies pay in Petroleum Resource Rent Tax (PRRT). #auspol
Sign our petition calling on the government to fix the PRRT
✍ nb.australiainstitute.org.au/increase_the...
Sign our petition calling on the government to fix the PRRT
✍ nb.australiainstitute.org.au/increase_the...
Good news everyone jam woke up and says ”prrt”
January 11, 2026 at 3:31 AM
Good news everyone jam woke up and says ”prrt”
Bonus 'Prrt' activation face.
October 31, 2024 at 7:25 PM
Bonus 'Prrt' activation face.
Australia collects more revenue from HECS than from the Petroleum Resource Rent Tax.
It’s time to increase the PRRT so that gas companies pay their fair share. Sign and share > theaus.in/increasePRRT
It’s time to increase the PRRT so that gas companies pay their fair share. Sign and share > theaus.in/increasePRRT
March 18, 2025 at 4:55 AM
Australia collects more revenue from HECS than from the Petroleum Resource Rent Tax.
It’s time to increase the PRRT so that gas companies pay their fair share. Sign and share > theaus.in/increasePRRT
It’s time to increase the PRRT so that gas companies pay their fair share. Sign and share > theaus.in/increasePRRT
Analysis by The Australia Institute reveals that replacing the broken Petroleum Resource Rent Tax (PRRT) with a flat 25% tax on gas exports, as suggested by the ACTU, would raise more than $17 billion a year, enough to quadruple Commonwealth spending on housing.
Read the full release below:
Read the full release below:
Progressive patriotism: ACTU’s 25% gas export tax should replace broken PRRT
Analysis by The Australia Institute reveals that replacing the broken Petroleum Resource Rent Tax (PRRT) with a flat 25% tax on gas exports, as suggested by the ACTU, would raise more than $17 billion...
australiainstitute.org.au
October 17, 2025 at 2:19 AM
Analysis by The Australia Institute reveals that replacing the broken Petroleum Resource Rent Tax (PRRT) with a flat 25% tax on gas exports, as suggested by the ACTU, would raise more than $17 billion a year, enough to quadruple Commonwealth spending on housing.
Read the full release below:
Read the full release below:
Overhaul the tax system you say? OK. End the Capital Gains Tax discount... improve the PRRT... bring in a wealth tax.... also a broad super profits tax.
Cheers, thanks for the suggestion.
Cheers, thanks for the suggestion.
"Business chiefs called on Labor to prioritise a productivity agenda which included unwinding or relaxing its industrial relations agenda from the first term, overhauling the tax system and removing regulatory barriers."
Seriously. Get stuffed.
Seriously. Get stuffed.
May 4, 2025 at 11:18 AM
Overhaul the tax system you say? OK. End the Capital Gains Tax discount... improve the PRRT... bring in a wealth tax.... also a broad super profits tax.
Cheers, thanks for the suggestion.
Cheers, thanks for the suggestion.
I will chew and say prrt prrt because I am happy, and everybody will clap hands and smile and say “Knicks in Five” at each other.
June 14, 2026 at 7:45 AM
I will chew and say prrt prrt because I am happy, and everybody will clap hands and smile and say “Knicks in Five” at each other.
. @albomp.bsky.social has said today that @australiainstitute.org.au "needs to be fair dinkum" about gas taxes.
Well he keeps saying the PRRT is ramping up.
Guess what PM, your own budget papers show there is a ramp...but it ain't heading up.
Fair dinkum, mate. Give the gas company spin a rest
Well he keeps saying the PRRT is ramping up.
Guess what PM, your own budget papers show there is a ramp...but it ain't heading up.
Fair dinkum, mate. Give the gas company spin a rest
May 15, 2026 at 1:54 AM
. @albomp.bsky.social has said today that @australiainstitute.org.au "needs to be fair dinkum" about gas taxes.
Well he keeps saying the PRRT is ramping up.
Guess what PM, your own budget papers show there is a ramp...but it ain't heading up.
Fair dinkum, mate. Give the gas company spin a rest
Well he keeps saying the PRRT is ramping up.
Guess what PM, your own budget papers show there is a ramp...but it ain't heading up.
Fair dinkum, mate. Give the gas company spin a rest
The gap between the beer excise and PRRT is getting bigger
thepoint.com.au/off-the-char...
thepoint.com.au/off-the-char...
Budget 2026: The gap between PRRT and beer excise is getting bigger
For those wondering if the PRRT would be revised up due to the oil prices: it was – but only compared to the MYEFO figures. It’s actually worse than a year ago. And get this – the gap between beer exc...
thepoint.com.au
May 12, 2026 at 11:24 AM
The gap between the beer excise and PRRT is getting bigger
thepoint.com.au/off-the-char...
thepoint.com.au/off-the-char...
The global energy crisis will enable oil and gas companies to make huge profits, which we won’t benefit from because our main fossil fuel tax, the PRRT, is so poorly designed.
March 15, 2026 at 6:28 AM
The global energy crisis will enable oil and gas companies to make huge profits, which we won’t benefit from because our main fossil fuel tax, the PRRT, is so poorly designed.
Miners contributed *less* income tax last year (annual Tax Office corporate tax data dump) and the measly PRRT remained flat and measly #auspol
More to come #whatsthescam@kimwingerei.bsky.social
michaelwest.com.au/prrt-the-tax...
More to come #whatsthescam@kimwingerei.bsky.social
michaelwest.com.au/prrt-the-tax...
PRRT. The tax oil and gas companies continue to avoid. What's the scam? - Michael West
The annual dump of data from the Tax Office landed yesterday, and once again, it exposes the pittance paid by the oil and gas industry.
michaelwest.com.au
October 2, 2025 at 4:44 AM
Miners contributed *less* income tax last year (annual Tax Office corporate tax data dump) and the measly PRRT remained flat and measly #auspol
More to come #whatsthescam@kimwingerei.bsky.social
michaelwest.com.au/prrt-the-tax...
More to come #whatsthescam@kimwingerei.bsky.social
michaelwest.com.au/prrt-the-tax...
Independent Senator David Pocock has added his voice to calls for a 25% tax on gas exports.
@markogge.bsky.social explains why Australia taxes beer more effectively than its gas exports.
Read the full piece on The Point: https://theaus.in/4qOyo05
@markogge.bsky.social explains why Australia taxes beer more effectively than its gas exports.
Read the full piece on The Point: https://theaus.in/4qOyo05
Why Australia taxes beer more effectively than its gas exports
Far from fixing the problem of low PRRT revenues, PRRT revenue is expected to fall further over coming years, while beer
thepoint.com.au
February 25, 2026 at 1:08 AM
Independent Senator David Pocock has added his voice to calls for a 25% tax on gas exports.
@markogge.bsky.social explains why Australia taxes beer more effectively than its gas exports.
Read the full piece on The Point: https://theaus.in/4qOyo05
@markogge.bsky.social explains why Australia taxes beer more effectively than its gas exports.
Read the full piece on The Point: https://theaus.in/4qOyo05