Weekend Edition: Taxing time for the gas industry
Friday 17th July 2026Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.The petroleum resource rent tax has been around since 1988. It was introduced by the Hawke government as a way to tax the super-profits from petroleum and gas companies extracting offshore resources, without reducing the incentive for new investments. There have been many tweaks to the system over the years, some following the Callaghan Review, commissioned by Scott Morrison in 2017. Now, the government is indicating it wants to see…
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