Five ongoing facts about gas and tax in Australia

by Rod Campbell and Jack Thrower

New data in the 2026 Federal Budget and Senate gas tax inquiry further demonstrate that Australia needs a gas export tax. Gas is still given away for free. Petroleum Resource Rent Tax (PRRT) revenue is going down, not up. PRRT raises less money than HECS repayments or beer excise. Japan still raises more tax on Australian gas exports than the Australian Government does, even since the 2023 deduction cap took effect.

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