Hanson proposes tax break for drilling alongside new gas royalty
Pauline Hanson has proposed a new gas policy that includes a flat royalty on production and allows the Commonwealth to take equity stakes in drilling projects. This initiative aims to ensure taxpayers receive a fairer return on natural resources while encouraging more exploration and production. The proposal has faced criticism from both Labor and the Coalition, who defend their own strategies for gas investment and supply.
- ▪One Nation wants to replace the Petroleum Resource Rent Tax with a flat royalty on new gas production.
- ▪Pauline Hanson claims the policy will provide taxpayers with greater returns on natural resources.
- ▪The proposal includes a 30 percent tax break for exploration in exchange for a potential 30 percent stake for the Commonwealth in new projects.
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| Original publisher | ABC News (Australia) |
| Canonical URL | https://www.abc.net.au/news/2026-05-21/one-nation-proposes-new-tax-break-for-drilling/106707250 |
| Publication time | Thu, 21 May 2026 08:41:21 +0000 |
| Retrieval time | 2026-05-21T09:06:10.451Z |
| Last seen | 2026-05-21T09:06:10.451Z |
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Opening excerpt (first ~120 words) tap to expand
Pauline Hanson proposes new gas tax and public stake in drilling projectsCBy Clare ArmstrongTopic:Oil and GasThu 21 May 2026 at 6:41pmThu 21 May 2026 at 6:41pmThu 21 May 2026 at 6:41pmPauline Hanson says the policy would ensure taxpayers receive a fairer return on natural resources. (ABC News: Ian Cutmore)In short:One Nation wants to replace the Petroleum Resource Rent Tax on new gas projects with a flat royalty on production and allow the Commonwealth to buy equity stakes in future drilling projects.Pauline Hanson says the policy would encourage more exploration and ensure taxpayers receive a fairer return on natural resources.What's next?Labor and the Coalition have criticised the One Nation proposal and defended their own approaches to encouraging gas investment and…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).