Top Stories | 'We're the mugs here': Is Japan getting Australian gas for free?

AI generated summary, Read the full article for complete information.

The article examines growing criticism of Australia’s gas export regime, highlighting a report by the Australia Institute that shows Japan has collected about $8.9 billion in taxes on Australian LNG over five years—more than the $7 billion Australia earns from its Petroleum Resource Rent Tax—while Australian exporters receive little royalty or PRRT on a large share of their gas. Analysts note that much of the LNG Japan resells to Taiwan and South Korea generates additional revenue that bypasses Australian taxation, prompting calls for a 25 percent export tax that could raise roughly $17 billion annually. A Senate select committee is reviewing gas taxation and a possible reservation policy to safeguard domestic supply, while industry groups warn such taxes could deter investment and harm energy security.

Read more: https://www.sbs.com.au/news/article/is-japan-getting-australian-gas-for-free/rbvl35n6x

#RichardDenniss #KenHenry #DavidPocock

AI generated summary, Read the full article for complete information.

Here is a reminder of the kind of voting systems we have in Australia. Not all use the same system. Aside from “First past the Post’ (as in the US) which is not used here, we have ‘preferencial’ and’proportional’ voting systems. This article by #RichardDenniss in The point, clarifies this:
https://thepoint.com.au/opinions/260324-what-the-south-australian-result-shows-about-how-elections-are-really-won

For my money, proportional is the best as in the ACT.

#AusPol #AEC #VotingSystems

That #jimchalmers didn’t start this round table by defining what productivity is is obvious. Privatisation with throwing money with no oversight is probably the biggest problem but that was probably never mentioned.

——-

Economic round table recycles broken ideas
#richarddenniss #thesaturdaypaper #paywall #economics #productivity

https://www.thesaturdaypaper.com.au/news/politics/2025/08/23/economic-round-table-recycles-broken-ideas

@MsDropbear425

Fingers crossed that #RichardDenniss is correct !! 🤓 🥂

For those who have time for some heavier reading, this is why we say, 'No new coal or gas'.

Link to PDF:
https://eprints.lse.ac.uk/87734/1/Green_Cutting%20with%20both%20arms_2018.pdf

#Climate #ClimateEmegency #Economics #RichardDenniss #SupplySide