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.

17,491 signatures
Goal: 20,000 signatures

Will you sign?

: :

:

:

:

:

: :

: :

:

:

: :

:

:

: :

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

Latest supporters

Hubert Rady signed 2024-02-10 23:28:19 +1100
Deirdre Ede signed 2024-02-10 23:26:19 +1100
Lindi Jarman signed 2024-02-10 23:22:39 +1100
Rona Goold signed via Karen Presbury 2024-02-10 23:22:31 +1100
Geoffrey Keep signed 2024-02-10 23:20:26 +1100
Dianne Hassett signed 2024-02-10 23:18:03 +1100
Anne Savige signed 2024-02-10 22:56:55 +1100
Gayle Savige signed 2024-02-10 22:55:38 +1100
Anna Petersons signed 2024-02-10 22:50:04 +1100
William Whitfield signed 2024-02-10 22:44:55 +1100
Patrick Strickland signed 2024-02-10 22:43:17 +1100
Lionel Hudson signed 2024-02-10 22:38:59 +1100
Samantha Robinson signed 2024-02-10 22:34:26 +1100
damon ross signed 2024-02-10 22:32:43 +1100
Timothy Toll signed 2024-02-10 22:28:14 +1100
Stef Fetzer signed 2024-02-10 22:28:07 +1100
Deborah Martin signed 2024-02-10 22:27:34 +1100
Jan Von Schoenberg signed 2024-02-10 22:18:57 +1100
James Vellios
James Vellios signed 2024-02-10 22:17:54 +1100
Faramarz Khamsi signed 2024-02-10 22:11:55 +1100
Ariba Siddiqi signed 2024-02-10 22:08:18 +1100
Donnacha Keniry signed 2024-02-10 22:08:17 +1100
Pete Roberts signed 2024-02-10 22:07:13 +1100
Nick Oppen signed 2024-02-10 22:05:26 +1100
Philip Anderson signed 2024-02-10 22:03:37 +1100
Gerasimos Ginakis signed 2024-02-10 22:03:14 +1100
Suzanne Cooper signed 2024-02-10 22:03:00 +1100
Caitlin Mullins signed via Emily Zouch 2024-02-10 21:55:09 +1100
Sylvia Carr signed 2024-02-10 21:51:58 +1100
Lu Ponton signed 2024-02-10 21:51:09 +1100