November 23, 2023
We did it: protecting Australia's mineral wealth
Australia is on the cusp of a brighter economic future with the introduction of the Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023 to the House of Representatives, championed by Pauline Hanson. This landmark legislation, aiming to reform the Petroleum Resource Rent Tax (PRRT), promises to significantly boost government revenue from natural gas exports. Emulating successful models like Norway's sovereign wealth fund, this reform is a decisive step towards maximizing Australia's vast mineral and energy resources, moving from being the 'lucky country' to a 'clever country' with sustainable economic growth and prosperity.
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