Peter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

I move:

That the following matter be referred to the Economics References Committee for inquiry and report by 14 June 2017:

The tax and royalties collected from the extraction and sale of Australia's oil and gas resources, with particular reference to:

(a) the adequacy and integrity of the existing Petroleum Resource Rent Tax (PRRT) and Commonwealth royalty regime;

(b) compliance with the PRRT and Commonwealth royalty regime;

(c) responsibilities and effectiveness of state and Federal Government departments in administering the existing PRRT and Commonwealth royalty regime;

(d) the suitability of the PRRT and Commonwealth royalty regime in the modern global economy;

(e) the comparison of tax and royalty regimes with other oil and gas producing countries that export to the Asia-Pacific region;

(f) principles for modification of the PRRT as it applies to gas;

(g) principles for an extended Commonwealth royalty regime covering offshore oil and gas projects in Commonwealth waters; and

(h) any other related matters.