Sophie Scamps (Mackellar, Independent) Share this | Hansard source

My question is to the Treasurer. Over the last three decades, Australia's petroleum tax has collected a paltry amount of revenue from the sale of our natural resources, compared with other countries. While Norway collected trillions of dollars of wealth for their citizens, Australia's petroleum tax has declined from 19 per cent of total oil and gas sector revenue in 1992 to just one per cent in 2020. What will the government do to fix Australia's broken petroleum tax system?

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