Reforming PRRT: Ending the Industry Gaming of Australia's Petroleum Resource Rent Tax
The legislated 40% was never repealed — it was made unreachable. A measurement fix, not a rate change.
A policy brief showing why the 2023–24 PRRT reforms cannot deliver the 40% Parliament legislated. The distortion is in the profit calculus, not the rate — and a common-sense repair measures the resource honestly through an independent valuation body without tearing up a single contract.
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