Sue Lines (President) Share this | Hansard source

I will now deal with the amendment circulated by Senator David Pocock. The question is that the amendment on sheet 3656 be agreed to.

Senator David Pocock's circulated amendment—

At the end of the motion, add ", but the Senate:

(a) notes that the last Mid-Year Economic and Fiscal Outlook estimates that the beer excise will generate $2.7 billion in revenue over the 2025-26 financial year, while the Petroleum Resource Rent Tax (PRRT) is estimated to generate just $1.5 billion in revenue over the same period; and

(b) calls on the Government to get a fair deal on the sale and export of Australian gas by instituting a 25 per cent tax on LNG export revenue, which is estimated to generate $17 billion a year".