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.

17,429 signatures
Goal: 20,000 signatures

Will you sign?

: :

:

:

:

:

: :

: :

:

:

: :

:

:

: :

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

Latest supporters

Bob Hill signed 2024-02-09 18:58:18 +1100
Michele McFarland signed 2024-02-09 18:58:17 +1100
Bob Hawkins signed 2024-02-09 18:57:20 +1100
Greg Tasker signed 2024-02-09 18:56:17 +1100
Istvan Kabdebo signed 2024-02-09 18:55:48 +1100
Edmund Delves signed 2024-02-09 18:55:42 +1100
Greg Blake signed 2024-02-09 18:54:40 +1100
Bevis Pyle
Bevis Pyle signed 2024-02-09 18:54:11 +1100
Samantha Harris signed 2024-02-09 18:53:50 +1100
wendy ivanusec signed via Joan Briwn 2024-02-09 18:53:25 +1100
Libby Johnson signed 2024-02-09 18:52:55 +1100
Karen Delvin signed via Margaret Dunlop 2024-02-09 18:52:21 +1100
David Dawson signed 2024-02-09 18:52:11 +1100
Tyrone Lymn signed 2024-02-09 18:52:07 +1100
David Natkanski signed 2024-02-09 18:52:01 +1100
Bronwen Levy signed 2024-02-09 18:51:13 +1100
Jann Walsh signed 2024-02-09 18:51:03 +1100
Wesley Jones signed 2024-02-09 18:51:02 +1100
Michelle Stuckey signed 2024-02-09 18:50:21 +1100
Cecilia Homerlein signed 2024-02-09 18:50:19 +1100
Elizabeth Turnock signed 2024-02-09 18:49:51 +1100
Anthony Crew signed 2024-02-09 18:49:07 +1100
Katrina House
Katrina House signed 2024-02-09 18:48:08 +1100
Paul O'Keefe signed 2024-02-09 18:46:14 +1100
Stephanie Roe signed 2024-02-09 18:44:58 +1100
Jackie Dettmann signed via Elisabeth Barry 2024-02-09 18:44:35 +1100
Melissa Ryje signed 2024-02-09 18:44:03 +1100
Gary Chambets signed 2024-02-09 18:43:58 +1100
Todd Shawcross signed 2024-02-09 18:43:33 +1100
Kim Wilcke signed 2024-02-09 18:43:21 +1100