Taxation

The majority voted against a motion introduced by Tasmanian Senator Nick McKim (Greens), which means it failed.

Motion text

That there be laid on the table by the Minister representing the Treasurer, by no later than 6 pm on Thursday, 10 August 2023:

(a) all documents (including background material, agenda papers and minutes) relating to the December 2022 meeting (roundtable) convened by Treasury with industry participants in respect of possible changes to the gas transfer pricing (GTP) rules and the petroleum resource rent tax (PRRT);

(b) any submissions and record of verbal representations from industry participants (in addition to those made through the formal Treasury consultation process) made prior or subsequent to the December 2022 meeting in respect of possible changes to the GTP rules and the PRRT;

(c) any submissions and record of verbal representations from industry participants to the consultation on capping the use of PRRT deductions arising from the 10 March 2023 meeting convened by Treasury; and

(d) any modelling undertaken by Treasury on capping the use of PRRT deductions between 80% and 90% of assessable PRRT income.