Senate debates

Wednesday, 2 August 2023

Questions without Notice

Oil and Gas Exploration

2:45 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

Thank you, Senator Tyrell. Just in relation to the preamble to your question, in terms of working with you, we will work with anybody in this chamber to get our legislation through. As you know, sometimes that involves different voting arrangements, but the Greens have certainly indicated that they won't be supporting the bill as it exists, so we will be looking to the coalition to back in this sensible and modest change to the PRRT.

In relation to over-regulation, I would say no, I don't believe they're over-regulated. In relation to the PRRT, we have consulted with industry around the design of that measure to ensure that we are doing a number of things: returning money to the budget sooner and at a higher level than would normally have been the case, to ensure that we've got investment happening in the country, to ensure that we've got gas available to households and business as we need to as we transition to a net zero economy and, thirdly, that we meet our international obligations. We are mindful of those three things as we finalise arrangements for the PRRT.

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