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Petroleum tax review threatens oil, gas developments – Appea

By:  
Creamer Media Senior Deputy Editor: Australasia
 
LEGISLATIVE ENVIRONMENT
The Australian Petroleum Production and Exploration Association (Appea) has again warned that Australia’s capacity to find and develop oil and gas resources could be at stake as the federal Treasury reviews the petroleum resource rent tax (PRRT). The Federal government in November 2016 announced a review of the design and operation of the PRRT, crude oil excise and associated Commonwealth royalties as revenues for oil exports declined.
 
 
 
 
 

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