Senate Select Committee on the Taxation of Gas Resources - Perth, WA (part 2 of 2) — hearing of 24 April 2026: transcript & video · Polyfact

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Senate Select Committee on the Taxation of Gas Resources - Perth, WA (part 2 of 2)

24 April 2026

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Contents updated on 22 Oct 2026

Project representatives defend the petroleum resource rent tax design, argue that returns to Australia must be assessed over the project life rather than early production years, and resist specifying when a “fair return” to Australians will materialise.

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Ichthys proponents — PRRT settings and export levy risk

00:00

Ichthys proponents — PRRT fairness and timing

00:00

Impex — opposition to 25% export levy

05:00

Committee chair closes industry panel; transition to NGOs

11:19

Conservation Council WA — gas export taxation and transition funding

13:40

Conservation Council WA — opening and gas tax case

13:40

CCWA — public support, transition funding and decommissioning

21:18

CCWA — nature investment and politicisation

27:31

Chamber of Minerals and Energy WA — gas role, tax burden and climate

31:38

Chamber of Minerals and Energy WA — gas, security and tax burden

31:38

CME — social licence, climate and investment sensitivity

35:50

Former WA minister Bill Johnston — PRRT alternatives, Browse and emissions

46:13

Former WA minister Bill Johnston — inquiry critique and Browse advocacy

46:13

Johnston — gas pricing, export levy vs PRRT and preferred reforms

51:04

Johnston — NOPTA commerciality tests and lease policy

57:23

Johnston vs senators — WA emissions, CCS and Browse scope 3

01:03:05

Asia Natural Gas and Energy Association — PRRT design and regional investor confidence

01:19:19

ANGIA — PRRT design and regional investor concerns

01:19:19

ANGIA — Japanese resale of LNG and profit claims

01:26:44

Santos — export levy, lobbying, domestic gas policy and tax

01:31:51

Santos — export levy, sovereign risk and fuel security

01:31:51

Santos — lobbying, donations and East Coast gas policy

01:35:11

Santos — tax stability, domestic gas reservation and Dorado oil

01:42:38

Santos vs Greens and Pocock — domestic prices, access and company tax

01:53:02

Santos — expectations from 2023 PRRT reforms and hearing close

02:08:58

Senate Select Committee on the Taxation of Gas Resources - Perth, WA (part 2 of 2)

24 April 2026

Senate Select Committee on the Taxation of Gas Resources Fri, 24 Apr 2026 Australian Parliament

00:00 - 00:15

Speaker 7

Gas prices quoted here is is really the finished product of gas, once it's converted to to liquefied natural gas and put on a and put on a ship. Liquefied natural gas is a very a very pure gas

00:29 - 00:35

Speaker 3

do you think it's a fair return? You can say, yes, I think it's a fair return. I'm just asking the question.

00:36 - 00:43

Speaker 7

Over time, the project will deliver a fair return under the current arrangements that the federal government Yes.

00:43 - 00:46

Speaker 102

Can you give me a yes, you think it will give us a fair return?

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