Every year, the Commonwealth collects more revenue from HECS than it gets from the Petroleum Resource Rent Tax. The PRRT is so insufficient that gas companies love it!
Mark Ogge explains the Government's proposed changes, and how we can fix it to tax our gas companies fairly.
This was recorded on Tuesday 6th February 2024 and things may have changed since recording.
australiainstitute.org.au // @theausinstitute
Guest: Mark Ogge, Principal Advisor, the Australia Institute // @MarkOgge 
Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennett
Producer: Jennifer Macey // @jennifermacey
Edited by: Emily Perkins
Theme Music: Pulse and Thrum; additional music by Blue Dot Sessions Support Follow the Money: https://nb.australiainstitute.org.au/donate See omnystudio.com/listener for privacy information.

The Great Gas Rort: Fixing the Petroleum Resources Rent Tax

Economics and politics explained in plain English

News

Politics

Government

News Commentary

As the government shelves important reform to the Environmental Protection and Biodiversity Conservation (EPBC) Act, the Knitting Nannas are getting out into their communities and demanding an end to fossil fuel projects.

The Knitting Nannas redefining the face of activism

Freedom of Information laws have helped the public uncover information governments would prefer to keep secret, but the system is failing.

Making freedom of information “sexy” with Rex Patrick

Rather than delivering on their election promise to create a Great Koala National Park, the New South Wales Government is sitting on its hands until it can earn carbon credits from forests.

Not seeing the koalas for the carbon credits

The major parties claim that minority and coalition governments are chaotic and unworkable, but are they actually more effective?

Minority retort

After scarcely mentioning it for nearly a decade while in government, the Coalition are now hot to trot on nuclear power – but why?

The Great Gas Rort: Fixing the Petroleum Resources Rent Tax

Download our free app to listen on your phone