Seven votes for a gas export tax, all lost
Senator David Pocock asked on Tuesday afternoon why it is “always” households who are stung while “massive multinationals bank wartime profits”. The Parliament’s own records answer part of it: THE RORT found seven recorded divisions on a…
On Tuesday 29 September 2026, the afternoon the Reserve Bank raised the cash rate to 4.60 per cent, Independent Senator for the ACT David Pocock posted a 40-second video to Facebook and asked why the major parties were not “talking about a windfall profits tax or backing the push for a 25% gas export tax” 12.
The Parliament’s own records answer part of that question. In the Journals of the Senate and the House of Representatives Votes and Proceedings, THE RORT found seven recorded divisions on a 25 per cent gas export tax in 2026. Every one was lost. That is a count of what THE RORT found, not a claim that no other division exists.
This article sets out who voted how, and the reasons each side has given in its own words. It does not decide whether a gas export tax is good policy, and it does not attribute any vote to a motive. The Journals record votes, not reasons.
01The question
Why is it always households getting stung with increased costs while massive multinationals bank wartime profits? Why aren’t the major parties talking about a windfall profits tax or backing the push for a 25% gas export tax ?! There is more we can and must do to stop price gouging and get a fair return from the export of our resources.
That is the caption of the video; its spoken words were not transcribed and are not quoted here. “Bank” is a verb in it: the post says multinationals “bank” wartime profits, meaning they pocket them. It does not name the banking sector 1. Company results for the half to 30 June 2026, in US dollars, are mixed. Woodside’s underlying profit rose 7%, from US$1,247 million to US$1,334 million; its reported profit, up 27% to US$1,672 million, includes US$596 million of PRRT deferred tax assets recognised because of higher prices 3. Santos’s profit after tax fell 19%, to US$355 million, which Santos attributes to one-off commissioning costs and cargo timing 4. Those are half-year company results, not tax paid and not a verdict on the post.
The gas tax is not a new theme for Pocock. On 2 March 2026 his office released a proposal for a Senate inquiry that would examine the amount of petroleum resource rent tax (PRRT) paid on liquefied natural gas “and why it is so low”, comparable policies in Norway and Qatar, and the Australian Council of Trade Unions’ proposal for a 25% tax on gas export revenue 5. Greens Senator Steph Hodgins-May was quoted by Accounting Times on 16 March: “Australia doesn’t have a gas shortage. We have an export problem.” 6 The ABC reported on 21 April that Pocock had raised “more than $94,000 in just one week” for billboards 7, and on 2 May “more than $130,000”, with “nearly 10 million” Instagram views of his clip 8. Reporting for the ABC’s 7.30 on 20 July, the reporter said the ACTU “continues to support a 25 per cent tax on gas” 9. Each of these is advocacy, dated, and none is a finding.
One attribution needs care. The Greens’ release of 5 May 2026 on that month’s rate rise, which called another rise “simply punishment for homeowners and more profit for the banks already raking it in”, was by Greens Senators Nick McKim and Barbara Pocock (SA). It was not by David Pocock, who is an Independent for the ACT. It answered the May rise, not the 29 September one, and it proposed no bank tax 10.
0212 March: four divisions on one motion
The Senate’s Journal for 12 March 2026 records four divisions on One Nation’s gas motion (item 6). It began when Senator Hanson, the leader of One Nation, moved that the Senate note that “the petroleum resource rent tax has fundamentally failed to properly tax gas exports and must be changed to apply to production volume”, and call for “a 15% minimum domestic reserve” 11.
Senator Hodgins-May (Greens) moved to replace Hanson’s reserve call with a call for a 25% gas export tax. First, Pocock’s amendment to that amendment, to add the tax call rather than replace the reserve call, was lost 13 to 34 11.
Second, Senator Hodgins-May’s amendment calling “to subject all gas production to a minimum 25% gas export tax” was lost 13 to 35. The ayes were the Greens plus Senators Payman, Thorpe and Tyrrell. David Pocock is not recorded in this division. The noes included the government ministers Senators Gallagher and Watt, Coalition Senator McDonald (LNP), and Senators Hanson and Roberts. In short, Labor, the Coalition and One Nation voted down the Greens’ 25% export tax amendment, 13 votes to 35 11.
Third, the Finance Minister’s amendment noting the government’s own reservation scheme, which the Journal describes as one that “will require exporters to reserve between 15 and 25% of gas production for the domestic market”, was lost 25 to 42. The government lost its own amendment. The noes included Senator McDonald, Senator Hanson, the Greens and David Pocock 11.
Fourth, Hanson’s main motion, with its 15% reserve and its call for PRRT to apply to production volume, was lost 8 to 43. The ayes were Senators Babet, Bell, Hanson, David Pocock, Payman, Roberts, Tyrrell and Whitten. The Greens voted no, with Labor and the Coalition 11. The 8 to 43 count belongs to Hanson’s motion, not to the Greens’ amendment.
Only the first two of these are among the seven: the third was about the government’s reservation scheme and the fourth about a change to the PRRT and a domestic reserve, and neither put a gas export tax to the Senate. The Journal records the votes, not the reasons; the reasons below are the ones each side stated elsewhere, in its own words, and THE RORT adds none of its own.
03The committee that reported no agreed recommendation
Also on 12 March, Pocock’s motion for a “Select Committee on Why Gas Companies Pay Less for Offshore Liquefied Natural Gas than Australians Pay in Beer Excise”, with the ACTU’s 25% export revenue tax proposal among its terms and Pocock to chair, was lost 17 to 23. The ayes included the Greens, Pocock, Payman, Thorpe, Tyrrell, Roberts, Whitten and Bell; the noes included the ministers Gallagher and Watt and Senators Ghosh, Darmanin, Askew and O’Sullivan 12.
On 30 March the Senate instead established the Select Committee on the Taxation of Gas Resources, on Hodgins-May’s motion, by 35 votes to 21. The ayes included Labor Senators Ghosh and Darmanin, the Greens, David Pocock and Senator Tyrrell; the noes included Senator McDonald (LNP) and Senator Dean Smith (Liberal) 12. Neither committee vote is among the seven, which count votes on a tax itself.
The committee’s chair was Hodgins-May (Australian Greens) and its deputy chair Senator Varun Ghosh (Labor). Its other members were Senators Lisa Darmanin (Labor), Susan McDonald (LNP), David Pocock (Independent) and Dean Smith (Liberal). It held hearings on 21 and 22 April in Canberra and 24 April in Perth and received more than 230 public submissions, including five form-letter campaigns all backing a 25% export levy and a GetUp submission carrying comments from 50,000 petition signers. That is a measure of advocacy volume, not of the merit of the proposal 13.
The committee tabled its report on 7 May 2026. It “has not been able to reach agreement on a set of recommendations on Australia’s approach to the taxation of its gas resources”, and the members’ views appear in additional comments. The report “notes the Prime Minister’s stated concerns about timing and invites the government to reconsider this issue following the resolution of the current conflict in Iran”, and “finds that lack of timely, transparent entity-level data continues to make it difficult for industry, government and the community to have a shared understanding of revenue, profits, and PRRT liabilities” 13.
Each side’s recommendation, from those additional comments 14. The Greens: “replace the PRRT on gas profits with a flat tax of at least 25 per cent on gas export revenue”. Pocock: “a 25 per cent tax on the value of gas exports in the upcoming budget”, “simple, permanent, based on export revenue rather than profit”, with no sunset. The Labor senators: that “After the current Middle East energy crisis has passed and following finalisation of the government gas market review and gas reservation design, the Treasury or the Productivity Commission evaluate the reform proposals to the inquiry”, aiming to avoid “damaging vital regional relationships or undermining Australia’s energy and national security”. The Coalition senators McDonald and Smith: “no arbitrary taxation such as a windfall levy on gas exports”.
Treasury officials gave the committee evidence on how higher prices flow into tax. As quoted in the Greens’ additional comments, they said that after the Ukraine price spike oil and gas producers ran down “a lot of the accumulated losses in the corporate tax system”, and “that’s what’s led to that increase in tax paid”, and that further price pass-through “would also directly translate through to higher corporate tax paid” 14.
Two figures in this debate need their owners named. The $112 billion appears in the Greens’ additional comments as the Australia Institute’s estimate of gas companies’ windfall profits since Russia’s invasion of Ukraine, a cumulative, multi-year price-difference estimate. It is not a committee finding, and it is not comparable with annual LNG export earnings. The $17 billion a year that Pocock and the Greens cite for a 25% export tax is advocates’ modelling: Pocock’s comments attribute it to modelling commissioned by Future Group from consultants Arthur D. Little, “consistent with” separate Australia Institute analysis. It is not an independent costing 14.
04The later votes
On 31 March a Greens urgency motion linking child care costs to “imposing a 25% tax on gas exports” was lost 10 to 26. The ayes were the ten Greens; David Pocock is not recorded in that division 12.
On 1 April Pocock’s second-reading amendment to the Excise Tariff Amendment (Draught Beer) Bill 2025 called on the government “to get a fair deal on the sale and export of Australian gas by instituting a 25% tax on LNG export revenue, which is estimated to generate $17 billion a year”, and set the $2.7 billion beer excise estimate in the mid-year budget update (MYEFO) against $1.5 billion in PRRT for 2025-26 (the amendment’s figure, a forecast; the outcomes, below, were $1,416 million in cash receipts and $1,661 million in accrual revenue). It was lost 12 to 32. The ayes included Senators Hodgins-May, McKim, Barbara Pocock and David Pocock, who was teller. The noes included the ministers Gallagher and Watt and Senators Hume, Duniam, Ruston, Askew, Collins, Roberts, Whitten, Bell and Babet 15. A post by Pocock on X that day said Labor, the Coalition and One Nation “all just voted against”; the party descriptions there are his, not the Journal’s 15.
On 2 June, in the House of Representatives and not the Senate, Elizabeth Watson-Brown’s second-reading amendment to Appropriation Bill (No. 1) 2026-2027, moved on 25 May, said that “whilst not declining to give the bill a second reading, the House calls on the Government to implement a 25 per cent gas export tax”. It was lost 9 to 71. The ayes were Chaney, Gee, Haines, Le, M Ryan, Scamps, Steggall, Watson-Brown and Wilkie. No Coalition member appears on either list. The Votes and Proceedings give no count by party for the 71 noes: the government’s members voted it down, and the Coalition did not vote 16.
On 29 June the Greens’ second-reading amendment to the Appropriation Bills, which combined a 25% gas export revenue tax with reversing cuts to the NDIS, was lost 10 to 33. David Pocock voted no on the amendment but, in the Journal’s words, “by leave, recorded his vote for the ayes in respect of paragraph (a)”, the gas paragraph 16.
On 12 August a Greens urgency motion, moved by Hodgins-May at Senator McKim’s request, called for “The need for the government to finally introduce a minimum 25% tax on gas exports” and said this was needed “as gas corporations including Shell, Santos and Woodside benefit from reported war-driven windfall revenues”. Those are the motion’s words, not findings. It was lost 11 to 30. The ayes were the Greens plus David Pocock. The noes included Labor Senators Ghosh and Darmanin, Senator McDonald (LNP) and Senator Hanson 16.
The tally: Senate on 12 March (13 to 35 and 13 to 34), 31 March (10 to 26), 1 April (12 to 32), 29 June (10 to 33) and 12 August (11 to 30), and House on 2 June (9 to 71). Seven divisions, every one lost 11121516.
The Greens described the 2 June House vote in a release the same day, and their words are theirs. Hodgins-May: “This was Labor’s chance to listen to the Australian people and back a tax on gas exports.” Watson-Brown: “More than three in five Australians support a 25% tax on gas exports”, that it “would raise $17 billion a year” (the advocates’ figure above), and “One Nation and the LNP didn’t even bother to show up” 17.
05What the government said
The ABC reported on 20 March that a document from the Prime Minister’s department asked Treasury to model “new levy options” on windfall gas and thermal coal profits, stating that “Energy producers should not benefit from high international prices at the expense of domestic customers” 18. On 10 May the ABC reported that the Prime Minister “killed off the move, concerned it could upset the trading partners Australia is relying on for fuel”. That is the reporter’s characterisation, not a government statement 19. THE RORT has not found whether the modelling was completed or released.
In the May 2026 Budget, the ABC reported, the government “refused calls for a broader 25 per cent tax on gas exports”. Treasurer Jim Chalmers said the government was “not proposing any changes to the existing tax arrangements” and: “I know that people would like us to go further but there are good reasons to prioritise fuel supply and gas reservation.” 19
The middle of a global fuel crisis is the worst possible time to jeopardise these partnerships, or the investment that underpins them.
The Prime Minister added on 29 April: “This is why I can confirm that the budget will not undermine existing contracts on gas exports”, and “Australia is a reliable supplier of energy” 20. Reported by SBS on 24 April, he said gas companies “pay around about $22 billion” and “you need to acknowledge the tens of billions of dollars of investment that occurs in order to have that gas extracted” 21. The interview date is not confirmed; those are his words as SBS reported them.
On ABC’s 7.30 on 18 June, Chalmers said: “When it comes to arrangements around gas taxes, that’s not something that we’ve been working on.” 9
Resources Minister Madeleine King, on ABC RN Breakfast on 24 April, rejected what she described as the Greens’ claim that the investment could be considered free: “it’s only in the universe of the Greens Party and their friends that they can say that spending hundreds of billions of dollars across the country could be considered in any way free. It’s clearly an absurd proposition. And to be frank, I’m mystified as to how they get away with such tosh.” 22 To SBS the same day she said: “We’ve got to remember what those billions of dollars of investment has delivered for the Australian people” and “One of the things [we get out of it] is a domestic gas supply” 21.
The government’s alternative is gas reservation. It announced on 22 December 2025 a reserve of “between 15 and 25 per cent” to start in 2027, and on 7 May 2026 set it at “equivalent to 20 per cent of exports, from 1 July 2027”, respecting export contracts entered into before 22 December 2025. The department says the current $12 a gigajoule regulations “will remain in place until new arrangements are implemented” and that the draft legislation is intended to go to Parliament “this year”. At 10 September 2026 it was at exposure-draft stage 23. As the Journal shows above, the Senate voted down, 25 to 42, the government’s own amendment describing that scheme 11.
THE RORT has not found a formal government response to the committee’s 7 May report; that search was not exhaustive. Nor has it found whether the evaluation the Labor senators recommended has been commissioned.
06What the Opposition and industry said
Australia needs an increased tax take, not an increased tax rate
The Coalition’s stated reasons are in its senators’ additional comments to the committee’s report. McDonald and Smith recommended “no arbitrary taxation such as a windfall levy on gas exports”, and wrote that “it is the Coalition members of the committee’s view that Australia needs an increased tax take, not an increased tax rate.” Their comments also cite what they describe as disregarded evidence, undisclosed conflicts of interest from fossil fuel activism, rushed reporting (24 hours to respond to the Chair’s draft) and the global energy crisis 14. Those are their assertions, and this article has not tested them.
On 2 June no Coalition member appears on either list in the House division 16. Why the Coalition did not vote is among the questions THE RORT publishes in The grill, and answers will be added as they arrive.
Industry’s case was put to the committee on 24 April by Graham Tiver, Woodside’s chief financial officer. Of an export tax on top of existing taxes he said: “If you were putting that on top of PRRT, if you were putting it on top of corporate income tax, I’m not sure how any project would survive.” 24
07What a gas export tax would touch
PRRT is a profit-based tax on petroleum projects, oil included. In 2025-26 it raised $1,416 million in cash receipts (the estimate was $1,400 million) and $1,661 million in accrual revenue (the estimate was $1,670 million). The basis matters, so both are given 25. LNG export earnings were $59.4 billion in 2025-26 in nominal terms, below $64.6 billion in 2024-25 26. By THE RORT’s calculation, dividing PRRT by those export earnings gives 2.4 per cent on the cash figure and 2.8 per cent on the accrual figure. That ratio is not the total government take: company tax, royalties and excise also apply 25. The Greens’ committee recommendation would replace the PRRT with a flat export tax; Woodside’s chief financial officer, above, was speaking of an export tax on top of PRRT and corporate income tax.
The war shows in the forecasts, not yet in the 2025-26 outcome. The Department of Industry, Science and Resources’ June 2026 Resources and Energy Quarterly forecasts LNG export earnings of $67.6 billion nominal in 2026-27 ($65 billion in 2025-26 dollars). It says its nominal 2026-27 forecast was “revised up by $20 billion from the December 2025 REQ due to the outbreak of the Middle East conflict” 26. Export earnings are revenue, not profit and not tax. The department’s figures also do not net off higher import prices: “The REQ does not account for the net effect on Australia from increased import prices, for example oil and its derivatives, such as diesel.” 26
One more figure sits beside the caption’s picture of households stung by higher costs. At home, east coast wholesale gas did not follow world prices up during the war. The Australian Energy Market Operator recorded an average of $10.61 a gigajoule in the March quarter 2026, with March at $9.22, a four-year low, and $9.08 a gigajoule in the June quarter, the lowest for any quarter since the second quarter of 2021 (the second quarter of 2025 averaged $12.36) 27. The ACCC’s June 2026 interim report, published on 10 July, found that the war had “so far” had no material impact on east coast gas prices, with one exception: commodity-linked contracts, 12% of 2026 supply, whose average estimated price rose from $11.86 a gigajoule in December 2025 to $16.85 in April 2026 28. On the AEMO averages, east coast wholesale gas prices did not follow world prices up; the exception is the commodity-linked contracts the ACCC names. Whether an export tax would be a fair return on the resource is a separate question from what households pay for gas, and the votes above were about the first.
08Banks: no vote found
Pocock’s caption asks about “a windfall profits tax” and does not name banks. THE RORT also checked the record for a bank windfall tax. In the Senate Journals, a search for “bank” and “levy” in 2026 returned one documents entry, from 11 August 2026, and no motion, amendment or division. THE RORT therefore says that no Senate vote on a bank windfall tax was found in 2026. The House was not searched for this 16.
A bank levy increase was, however, part of the Greens’ 2025 election platform. The Parliamentary Budget Office costed their “Big corporations tax (banks)” policy as raising the Major Bank Levy to 0.08% per quarter, from 0.015%, plus a levy recouping Term Funding Facility benefits, from 1 July 2025. It estimated the policy would improve the fiscal balance by about $35.1 billion over the forward estimates 29. That is a 2025 costing of a party policy, not a 2026 proposal and not a vote.
The Greens’ 5 May 2026 release described above criticised bank profit from the rate rise but proposed no bank tax 10.
If it’s a rort, we cover it.
- Review: seven votes for a gas export tax, one year onRe-run the record of divisions on a gas export tax and re-check each side’s stated position
Read the desk note
REVIEW 29 September 2027 (case: THE INFLATION RORT, article 18). Search the Journals of the Senate and the House Votes and Proceedings again for divisions on a gas export tax after 12 August 2026 and add them to the count. Re-check the government’s, the Opposition’s and the Greens’ stated positions, whether the committee’s 7 May 2026 report drew a government response, and the PRRT receipts and LNG export earnings in the next Final Budget Outcome and Resources and Energy Quarterly. Record each change as a dated Update in the article.
- Watch: the gas reservation scheme takes effectThe scheme the government set at the equivalent of 20 per cent of exports is due to start; the legislation was at exposure-draft stage on 10 September 2026
Read the desk note
The government’s gas reservation scheme is due to commence on 1 July 2027. It was announced on 22 December 2025 with a reserve of “between 15 and 25 per cent” and set on 7 May 2026 at “equivalent to 20 per cent of exports, from 1 July 2027”, respecting export contracts entered into before 22 December 2025. On 10 September 2026 the Department of Climate Change, Energy, the Environment and Water said the legislation was at exposure-draft stage and that it was intended to be introduced to Parliament that year. Watch for: whether the legislation passes, what range is written into it, and whether any government response to the Senate committee’s 7 May 2026 report, or the evaluation Labor senators recommended, appears before then.
- Record: article 18 published, 29 September 2026Seven recorded divisions on a 25 per cent gas export tax in 2026, every one lost; no government response to the committee’s 7 May report was found
Read the desk note
PUBLISHED 29 September 2026 (case: THE INFLATION RORT, article 18).
FINDING. THE RORT found seven recorded divisions on a 25 per cent gas export tax in 2026 in the Journals of the Senate and the House Votes and Proceedings, and every one was lost: Senate 12 March (13 to 35 on the Greens’ amendment; 13 to 34 on Senator David Pocock’s amendment to it), 31 March (10 to 26), 1 April (12 to 32), 29 June (10 to 33) and 12 August (11 to 30), and House 2 June (9 to 71, no Coalition member on either list). The article sets each side’s stated reasons beside the votes, in their own words.
STILL OPEN. No formal government response to the Senate Select Committee on the Taxation of Gas Resources’ 7 May 2026 report was found (the search was not exhaustive). Whether the evaluation the Labor senators recommended (by Treasury or the Productivity Commission, after the crisis passes) has been commissioned is not known. Whether the Prime Minister’s department and Treasury completed or released the windfall levy modelling the ABC reported on 20 March is not known. No Senate vote on a bank windfall tax was found in 2026; the House was not searched for that.
NEXT DATE: 1 July 2027, when the gas reservation scheme is due to start.
- David Pocock (Independent Senator for the ACT), Facebook, 29 September 2026. https://www.facebook.com/reel/1731439414782221/. A 40-second video posted on the afternoon of 29 September; only the caption is quoted, and the spoken words were not transcribed. “Bank” is a verb in the caption.
- Reserve Bank of Australia, Media Release 2026-27, 29 September 2026, 14:30 AEST. https://www.rba.gov.au/media-releases/2026/mr-26-27.html. “At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.60 per cent.”
- Woodside Energy Group, Half-Year Report 2026. https://www.woodside.com/docs/default-source/investor-documents/quarterly-and-half-yearly-pdfs-and-data-tables/2026/half-year-2026-report.pdf. All figures US dollars: reported profit after tax US$1,672m (up 27%), including US$596m of Pluto PRRT deferred tax assets recognised because of higher prices; underlying profit US$1,334m against US$1,247m (up 7%).
- Santos, 2026 Half-year Results ASX presentation, 19 August 2026. https://www.santos.com/wp-content/uploads/2026/08/Santos-2026-Half-year-Results-ASX-Presentation.pdf. All values US dollars: profit after tax US$355m (US$439m a year earlier), down 19%; Santos cites one-off commissioning costs and cargo timing.
- David Pocock, media release, 2 March 2026. https://www.davidpocock.com.au/new_senate_inquiry_proposed_to_examine_the_great_gas_giveaway. Proposed inquiry to examine PRRT paid on LNG “and why it is so low”, Norway and Qatar, and the ACTU’s proposal for a 25% tax on gas export revenue.
- Accounting Times, Miranda Brownlee, 16 March 2026. https://www.accountingtimes.com.au/tax/senate-votes-down-greens-proposal-for-25-per-cent-gas-export-tax. Greens Senator Steph Hodgins-May: “Australia doesn’t have a gas shortage. We have an export problem.”
- ABC News, 21 April 2026. https://www.abc.net.au/news/2026-04-21/gas-tax-debate-heats-up-ahead-of-budget/106585424. Reported Pocock raised “more than $94,000 in just one week” for billboards.
- ABC News, Evelyn Manfield, 2 May 2026. https://www.abc.net.au/news/2026-05-02/david-pocock-viral-video-shift-gas-beer-tax-narrative/106626360. Reported “more than $130,000” raised and “nearly 10 million” Instagram views of Pocock’s clip.
- ABC 7.30 transcript, Jacob Greber, 20 July 2026, excerpting Treasurer Jim Chalmers’s interview of 18 June 2026 (URL not recorded). Chalmers: “When it comes to arrangements around gas taxes, that’s not something that we’ve been working on.” The reporter’s line that the ACTU “continues to support a 25 per cent tax on gas” is 7.30’s wording, not an ACTU quote.no link supplied
- Australian Greens, media release, 5 May 2026. https://greens.org.au/news/media-release/rate-rise-pain-wont-be-felt-top-1. By Senators Nick McKim and Barbara Pocock (Greens, SA), not David Pocock. “Another rate hike is simply punishment for homeowners and more profit for the banks already raking it in.”
- Journals of the Senate No. 39, 12 March 2026, item 6, “Domestic gas reserve”. Parliament of Australia, ParlInfo id chamber/journals/dca27c74-848a-42ca-8c5c-9ae85b395dca/0007. Four divisions: 13 to 34; 13 to 35; 25 to 42; 8 to 43. Amendment text: “to subject all gas production to a minimum 25% gas export tax”.no link supplied
- Journals of the Senate No. 39, 12 March 2026, item 17 (select committee motion, 17 to 23); No. 44, 30 March 2026, item 14 (ParlInfo id chamber/journals/34766e76-3485-453f-b048-320b4093308e/0015; committee established, 35 to 21); No. 45, 31 March 2026, item 30 (Greens urgency motion, 10 to 26).no link supplied
- Senate Select Committee on the Taxation of Gas Resources, report, 7 May 2026, chapter 1. https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Taxation_of_Gas_Resources/TaxationofGasResources/Report/Chapter_1_-_Report. Membership: https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Taxation_of_Gas_Resources/Committee_Membership. Hearings 21, 22 and 24 April 2026; over 230 public submissions; “has not been able to reach agreement on a set of recommendations”; paras 1.17 and 1.18.
- Senate Select Committee on the Taxation of Gas Resources, additional comments, 7 May 2026: Australian Greens (https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Taxation_of_Gas_Resources/TaxationofGasResources/Report/Australian_Greens_Additional_Comments; Treasury evidence at 1.183; $112 billion); Senator David Pocock (…/Report/Additional_Comments_from_Senator_David_Pocock; para 1.28, $17 billion a year, Arthur D. Little); Coalition senators (…/Report/Coalition_Senators_Additional_Comments, paras 1.54 to 1.55); Labor senators (para 1.65, recommendation 2).
- Journals of the Senate No. 46, 1 April 2026, item 12. https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22chamber%2Fjournals%2F521e5623-a639-4d7e-b49b-bbbe193dfb7b%2F0013%22. Pocock second-reading amendment to the Excise Tariff Amendment (Draught Beer) Bill 2025, lost 12 to 32. Pocock’s X post of 1 April 2026 (status 2039179192156520616), seen through a search listing only.
- House of Representatives Votes and Proceedings No. 57, 25 May 2026, and No. 61, 2 June 2026, item 6 (ParlInfo id chamber/votes/b8006be3-3f21-413b-9e71-74f95c642860/0007); Journals of the Senate No. 54, 29 June 2026, item 27; No. 59, 12 August 2026, item 26 (ParlInfo id chamber/journals/e54de60d-a625-492c-b0b2-de1bd9cfeb93/0027). Divisions 9 to 71, 10 to 33 and 11 to 30. Senate Journals search for “bank” and “levy”, 2026: no motion, amendment or division.no link supplied
- Australian Greens, media release, 2 June 2026. https://greens.org.au/news/media-release/labor-liberal-and-one-nation-all-refuse-support-tax-gas-exports-parliament. Quoted for what the Greens said only.
- ABC News, Isobel Roe, 20 March 2026. https://www.abc.net.au/news/2026-03-20/government-explores-new-tax-for-gas-coal-to-buffer-fuel-costs/106475100. Prime Minister’s department document asking Treasury to model “new levy options”.
- ABC News, Jane Norman, 10 May 2026. https://www.abc.net.au/news/2026-05-10/gas-tax-revenue-up-in-federal-budget/106663036. Reported the Budget “refused calls for a broader 25 per cent tax on gas exports” and that the Prime Minister “killed off the move”; the reporter’s characterisation.
- ABC federal politics live blog, 29 April 2026. https://www.abc.net.au/news/2026-04-29/federal-politics-blog-housing-energy-fastrack/106616572. Prime Minister Albanese on gas partnerships and existing export contracts.
- SBS News, Jack Revell and Wing Kuang, 24 April 2026. https://www.sbs.com.au/news/article/labor-say-no-change-on-gas-taxation/u41vnlg92. Prime Minister on “$22 billion” and “tens of billions of dollars of investment”; Resources Minister Madeleine King on investment and domestic supply.
- Minister for Resources, transcript, interview with Sally Sara, ABC Radio National Breakfast, 24 April 2026. https://www.minister.industry.gov.au/king/media/interview-sally-sara-breakfast-abc-radio-national.
- Department of Climate Change, Energy, the Environment and Water, gas market review reforms, updated 10 September 2026. https://www.dcceew.gov.au/energy/markets/gas-markets/gas-market-review-reforms. Joint media releases of 22 December 2025 (https://minister.dcceew.gov.au/bowen/media-releases/joint-media-release-affordable-gas-australian-homes-and-businesses) and 7 May 2026 (https://minister.dcceew.gov.au/bowen/media-releases/joint-media-release-albanese-government-secure-australian-gas-australian-users). “This scheme will commence from 1 July 2027.”
- ABC News, Cason Ho, 24 April 2026. https://www.abc.net.au/news/2026-04-24/woodside-submissions-senate-inquiry-gas-tax/106602472. Woodside chief financial officer Graham Tiver to the Senate committee.
- Final Budget Outcome 2025-26, Tables 1.3 and 1.4. https://archive.budget.gov.au/2025-26/fbo/download/00_fbo_2025-26.pdf. PRRT: cash receipts $1,416m (estimate $1,400m); accrual revenue $1,661m (estimate $1,670m). THE RORT’s calculation: $1,416m and $1,661m divided by LNG export earnings of $59,423m (reference [26]) gives 2.4% and 2.8%.
- Department of Industry, Science and Resources, Office of the Chief Economist, Resources and Energy Quarterly, June 2026. https://www.industry.gov.au/sites/default/files/2026-07/resources-and-energy-quarterly-june-2026.pdf. LNG export earnings $59.4bn (2025-26), $64.6bn (2024-25), forecast $67.6bn nominal (2026-27); upgrade of $20bn; Box 1.1 on imports.
- Australian Energy Market Operator, Quarterly Energy Dynamics Q1 2026 (https://www.aemo.com.au/-/media/files/major-publications/qed/2026/qed-q1-2026.pdf) and Q2 2026 (https://www.aemo.com.au/-/media/files/major-publications/qed/2026/qed-q2-2026.pdf). East coast wholesale gas $10.61/GJ (March quarter, March $9.22) and $9.08/GJ (June quarter; Q2 2025 $12.36).
- Australian Competition and Consumer Commission, Gas Inquiry 2017-2030, interim update, June 2026, published 10 July 2026. https://www.accc.gov.au/system/files/gas-inquiry-june-2026-interim-report_1.pdf. The war “so far” had no material impact on east coast gas prices; exception: commodity-linked contracts, 12% of 2026 supply, average estimated price $11.86/GJ (December 2025) to $16.85/GJ (April 2026). Producer and retailer contract prices for 2026 supply stayed in the $13 to $15/GJ range (data to 31 March 2026, mostly before the war).
- Parliamentary Budget Office, ECR-2025-3046, “Big corporations tax (banks)”, June 2025. https://www.pbo.gov.au/sites/default/files/2025-06/PBO-ECR-2025-3046-Big%20corporations%20tax%20(banks).pdf. Major Bank Levy to 0.08% per quarter; fiscal balance improved by around $35.1 billion over the forward estimates.