What is the Petroleum Resource Rent Tax and why do we want to get rid of it?
The Petroleum Resource Rent Tax (PRRT) is the current system used to try and tax gas exports, but it has utterly failed to deliver for Australia. Riddled with massive loopholes, it collects virtually no meaningful revenue from the multi-billion dollar gas industry.
The result is a national scandal: the government collects more money from things like beer excise and student HECS debt repayments than it does from all gas exports combined. It's a broken system that must be replaced.
Who pays more tax than gas exports?
Multinational gas corporations pay less tax on their billions in exports than many everyday Australians, including:
- Nurses
- Teachers
- Students with HECS debt
- Retail workers
If we had a 25% tax on gas exports...
$0
Revenue since 1 January 2026
$0
Compensation per household since 1 January 2026 (and counting)