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 Government has asked Treasury to report back by the end of September 2017.