One Nation leader Pauline Hanson proposes replacing the PRRT with a flat royalty on new gas production.
WHO:Pauline Hanson and One Nation
WHAT:Proposed replacing the Petroleum Resource Rent Tax on new gas projects with a flat royalty on production and allowing the Commonwealth to buy equity stakes in future drilling projects.
WHEN:May 21, 2026 at 4:41 AM ET
WHERE:Australia
WHY:To ensure taxpayers receive a fairer return on natural resources and encourage more exploration.
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