Rex Patrick (SA, Independent) Share this | Hansard source

[by video link] I have a question for the minister. It does relate to the levy being proposed, but it has a profound impact on how people might think about what Senator Hanson is trying to do. I understand that you will seek to put a levy on industry in relation to making sure we can deal with these sorts of stranded assets. But that levy is likely to be considered a cost for the company and, therefore, be offset against their petroleum resource rent tax requirements. Can you confirm that this levy will be borne by the company in such a way that it won't offset their PRRT and hence, in effect, see the taxpayer end up paying anyway?