Does the gas industry pay its fair share of tax?
The debate over whether Australia's gas industry pays its fair share of tax has intensified, with critics arguing the current system delivers insufficient returns to taxpayers. While the industry highlights $21.9 billion in taxes and royalties paid last year, opponents note the Petroleum Resource Rent Tax raised only $1.3 billion despite $65 billion in LNG exports. Proposals for a flat 25% export tax or super profits tax have sparked a major industry advertising campaign in response.
- ▪The gas industry paid $21.9 billion in taxes and royalties in the last financial year, according to industry representatives.
- ▪The Petroleum Resource Rent Tax (PRRT) raised $1.3 billion in 2024-25, despite LNG export revenues exceeding $65 billion.
- ▪Chevron's Gorgon LNG project made its first PRRT payment in 2025, a decade after production began.
- ▪Santos and the Ichthys LNG project paid zero corporate tax in 2023-24, according to Australian Taxation Office data.
- ▪State and territory governments collect royalties on onshore gas projects, typically at rates of 5-10% of the well head value.
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Does the gas industry pay its fair share of tax? By political reporter Samantha DickTopic:Oil and GasWed 29 Apr 2026 at 5:33amWed 29 Apr 2026 at 5:33amWed 29 Apr 2026 at 5:33amAdvocates are calling for a flat 25 per cent tax on gas exports. (ABC News: Michael Franchi)abc.net.au/news/does-australias-gas-industry-pay-enough-tax/106602004Link copiedShareShare articleThere is a question dominating Australian social media feeds: Is the gas industry paying its fair share of tax?Politicians, influencers and progressive think tanks are arguing over whether Australians are being ripped off under the current tax settings.Industry representatives say they are being unfairly targeted, pointing to the $21.9 billion in taxes and royalties they say they paid in the last financial year.But critics —…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).