Does the gas cartel pay enough taxes?

Wednesday 29 April 2026

Does the gas cartel pay enough tax? You tell me. The following are ex-royalties, which are not taxes.

West Coast is below:

The PRRT distorts tax outcomes because it replaces royalties for western offshore gas and does not apply to eastern onshore gas.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.