Senate debates

Monday, 7 December 2020

Questions without Notice

Gas Industry

2:35 pm

Photo of Anne RustonAnne Ruston (SA, Liberal Party, Minister for Families and Social Services) Share this | Hansard source

I thank Senator Hanson for her follow-up question. I believe the Australian government, through a number of regimes, has always sought to make sure that Australians are the beneficiaries of resources that belong to all Australians. That's why we put in place a regime around the petroleum resource rent tax that was brought in by those opposite back in 1987, to make sure that these projects were providing benefit to Australians which, most importantly, included increasing the taxation revenue for Australia. As an example, the most recent data available from the Australian tax office says that the resources sector paid approximately $11.4 billion in company tax in 2017-18. I'm advised that, in 2018, Woodside alone paid $550 million in Australian corporate income tax and— (Time expired)

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