Pauline Hanson to demand Norway-style gas and oil overhaul
Pauline Hanson is set to propose a significant overhaul of Australia's offshore gas tax system. The One Nation plan aims to replace the current Petroleum Resource Rent Tax with a production royalty and government equity in LNG projects. This initiative comes amid growing public support for increased taxation on gas companies and aims to enhance national wealth from Australia's LNG exports.
- ▪Pauline Hanson will unveil a plan to replace Australia's offshore gas tax system with a production royalty and taxpayer equity in LNG projects.
- ▪The proposal includes scrapping the Petroleum Resource Rent Tax and imposing a 10 percent wellhead royalty on offshore gas and oil production.
- ▪Hanson's policy draws inspiration from Norway's approach to resource management and aims to increase public value from Australia's LNG exports.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.