Tax Gas Fairly. Increase the PRRT

The Petroleum Resource Rent Tax is broken. 

The Australian government collects more money from students paying HECS than it does from gas companies paying the Petroleum Resource Rent Tax (PRRT).

Australia Institute research shows that increasing the PRRT will raise billions of dollars in revenue that can be spent on essential public services and help Australia deal with the costs and impacts of the climate crisis, driven by Australia's massive fossil gas export industry.

The Parliament of Australia needs to urgently increase the Petroleum Resource Rent Tax.

The PRRT is a tax on super-profits, sometimes called “resource rents”, made by multinational oil and gas companies operating in Australia. The tax has extensive loopholes due to an extremely complex design that allows oil and gas producers to minimise— or avoid paying it altogether.

Dozens of local government leaders have signed an open letter to the Australian Government, calling for the PRRT to be increase to help Australian communities deal with climate impacts, such as maintaining infrastructure and services after climate disasters.

The Parliament of Australia needs to urgently increase the Petroleum Resource Rent Tax.

Add your name to the petition >

 

To the Parliament of Australia --

Australians are missing out on a fair share of revenue while fossil fuel companies are making record profits and worsening the climate crisis.

Failures and loopholes mean the Petroleum Resource Rent Tax is failing to collect reasonable levels of tax revenue from fossil fuel companies.

Current proposed changes to the PRRT, limiting the extent to which gas companies can reduce their liabilities, are so incremental they were actually welcomed by the industry.

The Parliament of Australia needs to act.

Repairing and increasing the PRRT is necessary to address this imbalance and ensure the Australian people get a fair share of the windfall profits from our own natural resources.

Australia Institute research shows that strengthening this tax will raise billions of dollars for essential public services and provide support as we deal with the increasing impacts of the climate crisis.

We urge you to amend and increase the Petroleum Resource Rent Tax to ensure it delivers for all Australians.

19,096 signatures
Goal: 20,000 signatures

Will you sign?

: :

:

:

:

:

: :

: :

:

:

: :

:

:

: :

By signing this petition you accept the Australia Institute's Privacy Policy.

Latest supporters

Darren Cochrane signed 2024-06-19 13:46:53 +1000
Dara Aghili-Josheghani signed 2024-06-19 13:32:22 +1000
Emma Kinmonth signed 2024-06-19 12:28:39 +1000
James Lucas signed 2024-06-19 12:24:13 +1000
Phineas Negri signed 2024-06-19 12:08:05 +1000
Cassie Martin signed 2024-06-19 09:55:40 +1000
Nik Kumsiashvili signed 2024-06-19 07:37:44 +1000
Frank Schaer signed 2024-06-19 01:13:05 +1000
Brodie Watkins signed 2024-06-18 22:51:28 +1000
Lance Maurice signed 2024-06-18 22:16:26 +1000
Peter Eilmann signed 2024-06-18 20:13:10 +1000
Damian Wasilewski signed 2024-06-18 12:16:46 +1000
conor brown signed 2024-06-18 11:47:18 +1000
Luke Bastiaan signed 2024-06-18 01:44:48 +1000
Imke Breayley signed 2024-06-17 22:09:50 +1000
Roger Cook signed 2024-06-17 21:07:40 +1000
Adrian Durelli signed 2024-06-17 19:40:46 +1000
Kane Ramsay signed 2024-06-17 19:06:18 +1000
Peter Dawson signed 2024-06-17 18:54:59 +1000
Todd Lovell signed 2024-06-17 18:09:56 +1000
Isaac Scott signed 2024-06-17 15:11:47 +1000
Mark Gibson signed 2024-06-17 13:24:57 +1000
Scott Sheehan signed 2024-06-17 11:42:45 +1000
Amber Andersen signed 2024-06-17 06:06:53 +1000
Howah Alkozai signed 2024-06-16 20:54:06 +1000
James Hackett signed 2024-06-16 20:27:19 +1000
Tali Sloane signed 2024-06-16 18:08:56 +1000
Uenuku Elliott signed via Tae Heath 2024-06-16 17:41:52 +1000
Tae Heath signed 2024-06-16 16:45:31 +1000
Monica Rossel signed 2024-06-16 15:19:07 +1000