Petroleum Resource Rent Tax (PRRT)

​Gas Exports and Fair Share for Australians

Preamble

The Petroleum Resource Rent Tax (PRRT) is designed to tax profits from oil and gas projects. However, critics argue that the current system allows companies to delay or minimise tax payments, particularly during periods of high global energy prices.

Some economists and policymakers have proposed increasing the PRRT, particularly on windfall profits, to ensure the public receives a greater share during periods of exceptional returns.

Others argue that increasing the tax could discourage investment and reduce future supply.

Question:

Should the PRRT on gas windfall profits be increased?

​(No, don't increase/Yes, increase →)​

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