Australia's gas exports 56% are royalty free -Updated 9/05/2025

[Sparty]

The Australian Government considers gas critical to the economy, but a significant portion of gas reserves are effectively given away for free.

Government rhetoric suggests the community should receive a fair return for its non-renewable resources, but this often doesn't happen in practice.

Six out of ten LNG export facilities in Australia (two in Northern Territory and four in Western Australia) pay no royalties.

These represent 56% of Australia's gas export capacity.
Over the last four years:

Total value of LNG exports: $265 billion
Value of NT's royalty-free exports: $37 billion
Total value of royalty-free exports: $149 billion


This forgone revenue could be invested in a sovereign wealth fund or used to fund public infrastructure and services.

The Australia Institute recommends:

A comprehensive inquiry into the mismanagement of Australia's gas resources
Applying a royalty to all gas produced in Australia

This summary highlights the discrepancy between the stated importance of gas to Australia's economy and the lack of financial return to the public from a significant portion of gas exports.

Read: https://australiainstitute.org.au/wp...iveaway-NT.pdf

SCroll down for updated information.

[Sparty]

Australian governments charge no royalties on 56% of
the gas that is exported from Australia, which includes
all the gas exported from the Northern Territory.

Over the last four years, multinational companies made $149
billion exporting gas they got for free including $37
billion from the NT.

If royalties had been charged on this gas,
at least $13.3 billion ($3.4 billion from NT) in
revenue could have been raised.

https://australiainstitute.org.au/wp...iveaway-NT.pdf

[Sparty]

The Australian Government regularly states that gas is 'critical' to the national economy. However, a significant portion of Australia's gas reserves are exported without any royalty payments to the public, effectively giving away valuable resources for free.

According to research by The Australia Institute, six out of ten LNG export facilities in Australia pay no royalties. These include both LNG export plants in the Northern Territory and four of the five in Western Australia. Together, these royalty-free facilities account for about 56 percent of Australia's total gas export capacity.

See:
https://australiainstitute.org.au/wp...March-2024.pdf

Over the last four years, the total value of Australia's LNG exports was about $265 billion. Of this, $149 billion worth of LNG was exported royalty-free. The Northern Territory alone exported $37 billion worth of royalty-free LNG in that period. This means more than half of the value from Australia's LNG exports generated no direct royalty revenue for Australians.

The Australia Institute notes that the Northern Territory government received just $2.6 million in petroleum royalties in 2022-23, all from small onshore fields. No royalties were collected from the massive offshore LNG exports. If a standard 9 percent royalty applied, the NT could have received over $3 billion in revenue from these exports.

See:
https://australiainstitute.org.au/po...s-giveaway-nt/

The Western Australian situation is similar. Most LNG exported from WA comes from offshore fields in Commonwealth waters, where no royalties are charged. Only the North West Shelf project pays a royalty, up to 12.5 percent, but this is the exception rather than the rule.

The lack of royalties is not the only concern. Major oil and gas companies operating in Australia, such as Woodside, Exxon, Shell, Chevron, Inpex, and APLNG, paid no company tax in the 2020-21 financial year despite earning $34 billion in income. Even as revenues increased, tax payments remained minimal.

See:
https://www.ato.gov.au/about-ato/com...rency-reports/

International comparisons show Australia is not capturing a fair return on its resources. For example, Qatar, which produces more LNG than Australia, receives much higher government revenues from its gas industry. Norway, with a sovereign wealth fund built from oil and gas royalties and taxes, collects far more public benefit from its resources.

The Australia Institute recommends a comprehensive inquiry into the management of Australia's gas resources and the application of royalties to all gas produced in Australia. The lost revenue could be used to fund public infrastructure, services, or a sovereign wealth fund for future generations.

In summary, the evidence supports the claim that there is a major gap between the government's stated position on gas and the actual financial return to the public. More than half of Australia's LNG export capacity pays no royalties, and this has cost the public billions in foregone revenue.

For a detailed breakdown and further reading, see:
https://australiainstitute.org.au/wp...March-2024.pdf

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Answer from Perplexity: Deep Reasoning

[Sparty]

Based on recent reporting and commentary, the federal Labor Party has not made any strong public statements specifically addressing the issue of royalty-free LNG exports or the so-called 'great gas giveaway'. While Labor has been re-elected on a platform focused on renewable energy and responsible economic management, there is no clear evidence from their official announcements or major policy documents that they have directly criticised or pledged to reform the lack of royalties on a significant portion of Australia's gas exports.

See:
https://alp.org.au/news/labors-coste...ralias-future/
https://www.argusmedia.com/en/news-a...ed-labor-party

Labor's Energy Minister, Chris Bowen, has acknowledged that 'a lot gets exported' when it comes to Australian gas, but there is no record of him or the federal Labor leadership specifically promising to apply royalties to all exported gas or to launch a comprehensive inquiry into gas resource management.

The focus of Labor's public commentary has instead been on energy transition, net zero targets, and the reliability of domestic supply, rather than on maximising public revenue from gas exports.

See:
https://australiainstitute.org.au/po...as-v-the-rest/

Polling shows that most Australians would support higher taxes or royalties on gas exports, and there is growing public debate on the issue. However, as of now, there is no clear evidence that the federal Labor Party has made this a central policy or campaign issue, nor have they committed to the specific recommendations put forward by The Australia Institute, such as a full inquiry or universal royalties on gas.

See:
https://www.accountingtimes.com.au/t...e-survey-finds

In summary, while Labor is aware of the export and royalty issues and is under public pressure, there is no clear, direct comment or commitment from the federal Labor Party to address the lack of royalties on a majority of Australia's LNG exports.

Citations:
[1] https://alp.org.au/news/labors-coste...ralias-future/
[2] https://australiainstitute.org.au/po...as-v-the-rest/
[3] https://www.accountingtimes.com.au/t...e-survey-finds
[4] https://www.argusmedia.com/en/news-a...ed-labor-party
[5] https://www.energymagazine.com.au/wh...energy-sector/
[6] https://www.indailysa.com.au/news/op...tion-gas-anger
[7] https://www.lockthegate.org.au/labor...and_gas_mining
[8] https://australiainstitute.org.au/po...ss-fact-sheet/
[9] https://energyproducers.au/all_news/...vation-policy/
[10] https://www.carbonbrief.org/australi...gy-and-nature/
[11] https://www.liberal.org.au/2025/03/2...-back-on-track
[12] https://www.alp.org.au/media/3569/20...l-platform.pdf
[13] https://australiainstitute.org.au/po...exports-taxed/
[14] https://ipa.org.au/research/australi...more-expensive
[15] https://theconversation.com/this-ele...issions-253430
[16] https://www.bloomberg.com/news/artic...ergy-conundrum
[17] https://www.youtube.com/watch?v=HgC8WLUhoh8
[18] https://www.energycouncil.com.au/ana...ergy-policies/
[19] https://www.corrs.com.au/insights/fe...nvestor-claims
[20] https://greens.org.au/qld/fair-share

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Answer from Perplexity: pplx.ai/share

[Sparty]

The main companies profiting from Australia's royalty-free gas exports are large multinational oil and gas corporations. These include Chevron, Shell, Inpex, Woodside (especially the Pluto facility), and Santos. These companies operate most of the LNG export plants in Western Australia and the Northern Territory that do not pay royalties on the gas they export.

Over the last four years, these companies have exported about $149 billion worth of Australian gas royalty-free. This means they are able to extract and sell a valuable public resource with almost no direct financial return to Australians through royalties. The only major exception is the North West Shelf project, operated by Woodside, which does pay royalties.

Despite the industry's claims about their economic contribution, the actual tax and royalty payments from these companies are very low compared to their massive revenues. For example, in the 2020-21 financial year, companies like Woodside, Exxon, Shell, Chevron, Inpex, and APLNG reported a combined income of $34 billion but paid no income tax. When their revenues increased to $56.3 billion in 2021-22, they still paid only $454 million in company taxes.

In summary, the main beneficiaries of Australia's royalty-free gas exports are multinational gas companies, who are able to make huge profits from Australian resources with little return to the public.

https://australiainstitute.org.au/po...-royalty-free/
https://australiainstitute.org.au/in...gas-the-facts/
https://federal.governmentcareer.com...-miss-billions
https://www.canberratimes.com.au/sto...cene-giveaway/

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Answer from Perplexity: pplx.ai/share

[Sparty]

Australia could fix the problem of missing out on gas revenue by making a series of policy changes that would ensure the public gets a fair return from its resources. The current system, especially the Petroleum Resource Rent Tax (PRRT), is full of loopholes and allows gas companies to minimise or avoid paying tax and royalties on huge export volumes.

The key reforms proposed by experts, policy groups, and the Parliamentary Budget Office include:

- Apply a royalty to all gas produced in Australia, including offshore projects that are currently royalty-free. A flat 10 percent Commonwealth royalty on all offshore oil and gas projects has been suggested. This would guarantee a minimum payment to the public for every unit of gas extracted, regardless of how companies manage their costs or profits.
https://www.taxjustice.org.au/prrt
https://www.aph.gov.au/-/media/05_Ab...alties_PDF.pdf

- Fix the PRRT so that companies cannot use accounting tricks to avoid paying tax. This means tightening the rules around deductions, limiting how much companies can 'carry forward' as losses, and improving the way gas is valued before it is processed into LNG. The Australia Institute suggests raising the PRRT rate above 40 percent, reducing uplift rates, and introducing higher tax rates when companies make windfall profits.
https://australiainstitute.org.au/po...t-is-the-prrt/
https://futurework.org.au/post/the-g...-not-more-tax/

- Remove or cap excessive deductions and tax credits that let companies delay or avoid paying tax. For example, instead of letting companies carry forward unlimited expenses for years, deductions could be limited or phased out over a set period.
https://australiainstitute.org.au/po...t-is-the-prrt/

- Introduce a new export levy or tax on LNG exports, as proposed by the Coalition, to ensure that gas companies contribute more to the public purse and to encourage more gas supply for domestic use.
https://australiainstitute.org.au/po...ns-of-dollars/

- Conduct a full parliamentary inquiry into gas resource management and tax policy, as supported by most Australians in recent surveys. This would help identify further loopholes and set up a system that delivers fair revenue for the community.
https://www.accountingtimes.com.au/t...e-survey-finds

- Set up a sovereign wealth fund, similar to Norway's, to invest the revenue from gas royalties and taxes for the long-term benefit of all Australians, funding schools, hospitals, and infrastructure.
https://australiainstitute.org.au/po...ss-fact-sheet/

In summary: Australia can fix the revenue problem by closing loopholes in the PRRT, applying royalties to all gas, removing excessive deductions, considering an export levy, and making sure the system is transparent and fair. These changes would ensure that Australians get a proper return from their own resources, instead of giving them away for free.

Citations:
[1] https://australiainstitute.org.au/po...ss-fact-sheet/
[2] https://australiainstitute.org.au/po...t-is-the-prrt/
[3] https://futurework.org.au/post/the-g...-not-more-tax/
[4] https://greens.org.au/news/media-rel...945bn-tax-slug
[5] https://australiainstitute.org.au/po...ns-of-dollars/
[6] https://www.accountingtimes.com.au/t...e-survey-finds
[7] https://www.taxjustice.org.au/prrt
[8] https://www.aph.gov.au/-/media/05_Ab...alties_PDF.pdf
[9] https://energyproducers.au/all_news/...es-in-2023-24/
[10] https://theconversation.com/is-austr...sources-236784
[11] https://www.dmp.wa.gov.au/Petroleum/Royalties-1578.aspx
[12] https://www.liberal.org.au/policy/ou...or-australians
[13] https://australiainstitute.org.au/po...-royalty-free/
[14] https://energyproducers.au/all_news/...o-the-economy/
[15] https://www.industry.gov.au/mining-o...tic-gas-supply
[16] https://www.wa.gov.au/organisation/d...leum-royalties
[17] https://australiainstitute.org.au/po...turning-point/
[18] https://australiainstitute.org.au/po...-seeks-reform/
[19] https://australiainstitute.org.au/po...und-wont-work/
[20] https://ieefa.org/media/2691/download?attachment

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Answer from Perplexity: pplx.ai/share

[Sparty]

The current rules that allow most multinational gas exporters to avoid paying royalties on a large share of Australia's gas exports were put in place by the federal government when it introduced the Petroleum Resource Rent Tax (PRRT). The PRRT was established by the Petroleum Resource Rent Tax Assessment Act 1987, which came into effect from 1 July 1986 under the Hawke Labor Government.

When the PRRT was introduced, it replaced the previous system of Commonwealth royalties and excise on offshore petroleum production (except for some projects like the North West Shelf and Bass Strait, which kept their own arrangements). The PRRT was later extended in 2012 to cover all Australian offshore and onshore oil and gas projects, including coal seam gas and oil shale, under the Gillard Labor Government.

This change meant that, for most offshore gas projects, companies no longer had to pay a royalty on the value of gas at the wellhead. Instead, they only paid the PRRT, which is a profits-based tax with generous deductions and allowances. As a result, many gas projects have paid little or no PRRT or royalties for years, even as they export huge volumes of gas.

See:
https://treasury.gov.au/sites/defaul...Tax_Office.pdf
https://www.thenewdaily.com.au/news/.../gas-royalties
https://australiainstitute.org.au/po...ss-fact-sheet/

In summary, the key decisions to remove most royalties and rely on the PRRT were made by the Hawke Labor Government in the 1980s and extended by the Gillard Labor Government in 2012. This is the main reason why so much gas is now exported royalty-free.

Citations:
[1] https://www.parliament.nsw.gov.au/re...Oct%202012.pdf
[2] https://treasury.gov.au/sites/defaul...Tax_Office.pdf
[3] https://www.thenewdaily.com.au/news/.../gas-royalties
[4] https://australiainstitute.org.au/po...ss-fact-sheet/
[5] http://www.austlii.edu.au/au/journal...bk/1985/23.pdf
[6] https://australiainstitute.org.au/in...gas-the-facts/
[7] https://www.dmp.wa.gov.au/Petroleum/Royalties-1578.aspx
[8] https://en.wikipedia.org/wiki/Minera...ource_Rent_Tax
[9] https://www.rivieramm.com/news-conte...giveaway-81035
[10] https://www.aph.gov.au/Parliamentary...5th/Report/c05
[11] https://www.industry.gov.au/mining-o...-and-petroleum
[12] https://ministers.treasury.gov.au/mi...ource-rent-tax
[13] https://www.gasworld.com/story/austr...39369.article/
[14] https://www.wa.gov.au/organisation/d...leum-royalties
[15] https://ieefa.org/media/2691/download?attachment
[16] https://www.ato.gov.au/businesses-an...ource-rent-tax
[17] https://arena.org.au/too-big-to-tax-...ereign-wealth/
[18] https://treasury.gov.au/publication/...ias-tax-system
[19] https://www.parliament.nsw.gov.au/re...erritories.pdf
[20] https://www.allens.com.au/insights-n...alties-scheme/

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Answer from Perplexity: pplx.ai/share

[Sparty]

The Australian Labor Party's motives for introducing the Petroleum Resource Rent Tax (PRRT) in the 1980s were mainly to encourage investment in petroleum exploration and development, while also ensuring that the community would get a fair return from the extraction of non-renewable resources. The ALP wanted to replace the old system of flat royalties and crude oil levies with a tax that only applied to 'super profits'-that is, profits above a certain threshold-rather than taxing all production regardless of profitability.

The idea was that a profits-based tax like the PRRT would not discourage investment in high-risk or marginal projects, because companies would only pay the tax once they had recovered their costs and started making significant profits. This approach was seen as a way to attract more investment into Australia's oil and gas sector, create jobs, and boost economic activity, while still capturing a share of the profits for the public once projects became highly profitable.

The Hawke Labor Government released a discussion paper in 1983 and encouraged public and industry input, aiming for a consensus approach. The government argued that the PRRT would provide a fairer and more efficient way to tax petroleum resources, compared to royalties, and would help Australia develop its resources faster by making investment more attractive. Industry initially opposed the tax, claiming it was risky and could discourage development, but the government believed the PRRT would strike the right balance between encouraging investment and delivering public benefit.

See:
https://www.aph.gov.au/DocumentStore...2&subId=509054
https://classic.austlii.edu.au/au/jo...wRw/1987/8.pdf
https://treasury.gov.au/sites/defaul...-Australia.pdf

In summary, the ALP's motives were to attract investment in the petroleum sector, ensure projects only paid tax when they were profitable, and to provide a fair return to the Australian community from its natural resources.

Citations:
[1] https://www.aph.gov.au/DocumentStore...2&subId=509054
[2] https://theconversation.com/in-the-m...our-gas-131461
[3] https://treasury.gov.au/sites/defaul...nal_report.pdf
[4] https://classic.austlii.edu.au/au/jo...wRw/1987/8.pdf
[5] https://treasury.gov.au/sites/defaul...-Australia.pdf
[6] https://susanmcdonald.com.au/labors-...-gas-strategy/
[7] https://energyproducers.au/wp-conten...0-Feb-2017.pdf
[8] https://www.austaxpolicy.com/budget-...-offshore-gas/
[9] https://esaqld.org.au/latest-news-it...es/?type_fr=71
[10] https://greens.org.au/news/media-release/prrt-bill
[11] https://www.liberal.org.au/policy/ou...or-australians
[12] https://www.austaxpolicy.com/petrole...sources-today/
[13] https://www.legislation.qld.gov.au/v.../bill-2022-051
[14] https://theconversation.com/bob-hawk...-change-117318
[15] https://www.aph.gov.au/Parliamentary...xes/report/c05
[16] http://www.austlii.edu.au/au/journal...wJl/2008/1.pdf
[17] https://australiainstitute.org.au/wp...s-reserves.pdf
[18] https://www.aph.gov.au/DocumentStore...5-e411e001103f
[19] https://australiainstitute.org.au/po...-royalty-free/
[20] https://www.austlii.edu.au/cgi-bin/v...ab2011542.html

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Answer from Perplexity: pplx.ai/share

[Sparty]

Since the introduction of the Petroleum Resource Rent Tax (PRRT) in 1987, Australia has lost out on tens of billions of dollars in potential revenue from its oil and gas sector. When the PRRT was first introduced, the government received a much larger share of the sector's revenue. In 1987-88, the government collected about 57 percent of total oil and gas sector revenue. Today, that share has collapsed to just 7 percent.

At the time the PRRT was introduced, it captured 19 percent of total industry revenue. By 2019-20, this had dropped to just 1 percent. The main reason for this decline is that the tax system has been weakened by amendments, loopholes, and generous deductions, especially as the industry shifted from oil to LNG exports.

If the government had maintained its earlier share of revenue, Australians would have received tens of billions more over the past three decades. For example, the Australia Institute notes that in the current financial year, only $1 of PRRT is raised for every $13.60 of petroleum sector exports. If the earlier ratio of $1 for every $7.30 of exports had been kept, the PRRT would be raising at least $1.4 billion extra per year.

Recent analysis shows that simple reforms to the PRRT could raise $18 billion more over just the next four years. Had a stricter cap on deductions been in place since 2016-17, the government would have collected $10.8 billion more in that period alone.

In summary, the weakening of the PRRT and the failure to update the system for the LNG boom has cost Australia at least tens of billions of dollars in lost revenue since the late 1980s. The money that should have gone to public services, infrastructure, or a sovereign wealth fund has instead gone to multinational gas companies and their shareholders.

https://australiainstitute.org.au/po...-the-gas-boom/
https://australiainstitute.org.au/po...e-of-the-prrt/
https://australiainstitute.org.au/po...-new-analysis/

Citations:
[1] https://www.anao.gov.au/work/perform...ource-rent-tax
[2] https://australiainstitute.org.au/po...e-of-the-prrt/
[3] https://australiainstitute.org.au/po...-new-analysis/
[4] https://ro.uow.edu.au/articles/journ..._Tax_/27715278
[5] https://australiainstitute.org.au/po...-the-gas-boom/
[6] https://treasury.gov.au/sites/defaul...nal_report.pdf
[7] https://australiainstitute.org.au/wp...RT-cap-Web.pdf
[8] https://australiainstitute.org.au/po...urce-rent-tax/
[9] https://ministers.treasury.gov.au/mi...ource-rent-tax
[10] https://www.pbo.gov.au/sites/default...0tax%20PDF.pdf
[11] https://treasury.gov.au/sites/defaul...i-steggall.pdf
[12] https://treasury.gov.au/sites/defaul...01_PRRT_dn.pdf
[13] https://www.ato.gov.au/businesses-an...ource-rent-tax
[14] https://treasury.gov.au/sites/defaul...023-388153.pdf
[15] https://www.ato.gov.au/businesses-an...report-2022-23
[16] https://energyproducers.au/all_news/...n-tax-attacks/
[17] https://www.austaxpolicy.com/wp-cont...f27_upload.pdf
[18] https://theconversation.com/australi...projects-62899
[19] https://www8.austlii.edu.au/au/journ...Rw/2015/43.pdf
[20] https://australiainstitute.org.au/po...t-is-the-prrt/

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Answer from Perplexity: pplx.ai/share

[Sparty]

Australia's Gas Giveaway: A National Scandal Demanding Urgent Action

It is time to call out Australia's gas export regime for what it is: a national scandal and a rort of epic proportions. For decades, successive governments have allowed multinational gas giants to extract and export Australia's natural gas with minimal return to the public. This is not a technical quibble or a minor policy flaw. It is a deliberate failure of political will, a result of industry lobbying, and a betrayal of the Australian people.

The PRRT: Designed to Fail

The Petroleum Resource Rent Tax (PRRT) was introduced in 1987 by the Hawke Labor Government. The stated aim was to ensure Australians would benefit from the oil and gas they collectively own. Instead, the PRRT has become a byword for loopholes, complexity, and lost revenue. It is a profit-based tax that only kicks in after companies have recovered all their costs and then some. In theory, it taxes 'super profits' from resource extraction. In reality, it has become a tax that almost never bites, especially for gas.

Gas companies have been allowed to use creative accounting, inflated deductions, and a transfer pricing formula that lets them understate the value of gas before it is liquefied and exported. The result? Only a fraction of the true profits are ever taxed. Even worse, the deductions for capital expenditure actually increase in value the longer they are carried forward, meaning many projects pay nothing for years, if ever.

https://australiainstitute.org.au/po...t-is-the-prrt/
https://www.boilingcold.com.au/prrt-...does-not-work/

The Scale of the Rort

Australia is now the world's largest exporter of LNG. Yet, more than half of our LNG export capacity pays no royalties at all. Over the last four years, $149 billion worth of gas has been exported royalty-free. The Northern Territory alone exported $37 billion of gas without a cent in royalties. In total, the government now collects more from student HECS debts than it does from the PRRT.

https://australiainstitute.org.au/po...-royalty-free/
https://australiainstitute.org.au/po...urce-rent-tax/

Who profits? Multinational giants like Chevron, Shell, Inpex, Woodside, and Santos. In 2020-21, these companies reported a combined income of $34 billion and paid no income tax. Even as their revenues soared, their tax and royalty payments remained pitiful.

https://australiainstitute.org.au/in...gas-the-facts/

How Did We Get Here?

The PRRT was a Labor policy, born out of a desire to attract investment and ensure projects only paid tax when they were truly profitable. But the world has changed. The gas industry is now dominated by massive, integrated LNG projects with the power and resources to game the system. The PRRT's design flaws, especially the gas transfer pricing rules, have allowed these companies to shift profits and avoid paying their fair share.

https://treasury.gov.au/sites/defaul...023-388153.pdf

The result is tens of billions of dollars in lost public revenue. In 1987-88, the government collected 57 percent of oil and gas sector revenue. Today, that share is just 7 percent. If the earlier ratio had been maintained, Australians would have received at least tens of billions more over the past three decades. Simple reforms could raise $18 billion more in just the next four years.

https://australiainstitute.org.au/po...-the-gas-boom/
https://australiainstitute.org.au/po...-new-analysis/

Enough is Enough: What Needs to Happen Now

This is not just a policy failure. It is a rort, plain and simple. It is a system that has been captured by industry and allowed to run for their benefit, not ours. The gas under our seabed belongs to every Australian, not to a handful of foreign shareholders or corporate executives.

Here is what must be done, and done urgently:

Apply a royalty to all gas produced in Australia, including offshore projects that currently pay nothing. A flat 10 percent royalty would guarantee a minimum return to the public.
https://www.aph.gov.au/-/media/05_Ab...alties_PDF.pdf

Fix the PRRT by closing loopholes, capping or removing excessive deductions, and ensuring the transfer pricing formula reflects the true value of gas before it is processed.
https://australiainstitute.org.au/po...t-is-the-prrt/

Introduce an export levy or windfall profits tax on LNG exports to capture a fair share of the profits, especially when prices are high.
https://australiainstitute.org.au/po...ns-of-dollars/

Launch a full parliamentary inquiry into gas resource management and tax policy to expose the rorts and set up a transparent, accountable system.
https://www.accountingtimes.com.au/t...e-survey-finds

Establish a sovereign wealth fund, like Norway's, to invest the revenue from gas for the long-term benefit of all Australians.

The Time for Talk is Over

The evidence is overwhelming. The current system is broken and rigged in favour of multinational gas companies. The longer we wait, the more billions are lost, and the more our public services, infrastructure, and future generations are short-changed.

Australians should not accept another year of this daylight robbery. We must demand action from our politicians, regardless of party. The gas belongs to us. The revenue should too.

If our leaders refuse to act, they are complicit in the rort. It is time for Australians to stand up and demand a fair deal for our resources. No more excuses. No more giveaways. Fix the system now.

https://australiainstitute.org.au/po...-royalty-free/
https://australiainstitute.org.au/po...-the-gas-boom/
https://australiainstitute.org.au/po...t-is-the-prrt/
https://www.boilingcold.com.au/prrt-...does-not-work/
https://treasury.gov.au/sites/defaul...023-388153.pdf

Citations:
[1] https://australiainstitute.org.au/po...t-is-the-prrt/
[2] https://www.ato.gov.au/businesses-an...ource-rent-tax
[3] https://www.dmp.wa.gov.au/Petroleum/Royalties-1578.aspx
[4] https://treasury.gov.au/sites/defaul...Tax_Office.pdf
[5] https://www.boilingcold.com.au/prrt-...does-not-work/
[6] https://www.aph.gov.au/DocumentStore...2&subId=509054
[7] https://www.aph.gov.au/-/media/05_Ab...53635ADDAFB586
[8] https://treasury.gov.au/sites/defaul...nal_report.pdf
[9] https://treasury.gov.au/sites/defaul...023-388153.pdf
[10] https://www.alp.org.au/our-history/labor-party-history/
[11] https://australiainstitute.org.au/po...urce-rent-tax/
[12] https://www.uts.edu.au/globalassets/...s_morrison.pdf
[13] https://www.industry.gov.au/mining-o...-and-petroleum
[14] https://treasury.gov.au/publication/...ias-tax-system
[15] https://www.aph.gov.au/Parliamentary...d2324a/24bd031
[16] https://www.taxathand.com/article/29...ource-rent-tax
[17] https://greens.org.au/news/media-rel...s-bare-minimum

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Answer from Perplexity : Deep Reasoning -responses to Sparty's prompts