Senate debates

Tuesday, 24 August 2021

Bills

Offshore Petroleum and Greenhouse Gas Storage Amendment (Titles Administration and Other Measures) Bill 2021, Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Amendment Bill 2021; In Committee

12:57 pm

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

[by video link] Minister, I'm sure you will understand the problem here, and maybe you can make a commitment on behalf of the government. If you impose a levy upon industry and they treat that as a cost of business which they can offset against corporate tax and their PRRT, ultimately it means that the taxpayer pays anyway for the stranded assets that you're trying to deal with. Can you give an undertaking that you will examine that concern when you are looking at the bill that you're proposing to remedy the situation?

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