While many Australians are already aware that multinational gas exporters pay less in PRRT than is raised by beer excise or student loan repayments, last week’s budget also revealed that the government collects significantly more from smokers of legal cigarettes, spirits drinkers and visa applicants.
The PRRT is supposed to ensure Australians get a fair return for the sale of our nation’s natural gas resources.
Next financial year the government expects to collect $6.2 billion from visa applicants, $3.6 billion from smokers, $3.3 billion from spirits drinkers, $2.8 billion from beer drinkers … and just $1.9 billion from the PRRT.
“Once again, the evidence that Australians are being taken for a ride by the gas industry is on full display in the budget papers,” said Dr Richard Denniss, co-CEO of The Australia Institute.
“It’s time the Prime Minister was fair dinkum with Australians.
“Last week Anthony Albanese said that the PRRT revenue was ‘ramping up’, but the budget papers reveal that simply isn’t true. The Prime Minister’s own numbers show that revenue from the PRRT is expected to fall from $1.9 billion next year to $1.3 billion by the end of the decade.

