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Options to address the design issues identified in the Petroleum Resource Rent Tax Review

30 June 2017 | Consultation Paper

On 30 June 2017, the Treasurer the Hon Scott Morrison announced the Government’s interim response to the Review of the Petroleum Resource Rent Tax (PRRT). The Review was undertaken by expert economist Michael Callaghan AM PSM.

The Government has requested that Treasury undertake further consultation to inform its final response to the Review.

All interested parties are encouraged to make a submission by Friday 28 July 2017.

The information obtained through this consultation will be used to develop options for reforming the PRRT. Following the development of detailed options, further consultation is envisaged, with the consultation process concluding at the end of August. The Government has asked Treasury to report back by the end of September 2017.

The Review was released by the Treasurer on 28 April 2017. Non-confidential submissions received by the Review are available on the Treasury website.

Making a Submission

Interested parties are invited to comment on the consultation papers.

While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.

Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Friday, 28 July 2017

Address written submissions to:

Large Corporates Unit
Corporate and International Tax Division
The Treasury
Langton Crescent

For postal submissions please include the submission cover sheet [PDF 60KB]

For enquiries please call Simon Winckler +61 2 6263 2820.

Key Documents

  • Consultation Paper 205KB
Ref Num: {0379B4E2-F66A-432C-ACF4-4160B5E3C886}
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