Australians Ripped Off by Foreign Owned Gas Giants
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- čas přidán 20. 08. 2024
- Australia Institute research has found that 56% of gas exported from Australia attracts zero royalty payments, effectively giving a public resource to multinational gas corporations for free.
It's time for Australian governments to make sure Australians aren't getting ripped off by the gas industry.
Climate & Energy Principal Advisor Mark Ogge explains.
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I used to think it was incompetence. Now I realise it is corruption.
100% from Labor, Liberals & Nationals.
Corruption at the highest order...I've always said Australia is one of the most corrupt countries in the world..
Absolutely corruption. Set themselves up for life outside of politics
Far worse than you might imagine. I have been monitoring this since 1975, when the US coup was launched unannounced and unopposed.
This is how our politicians all become millionaires. They are literally selling out the people they claim to represent with backhand deals. Every one of the ones making executive decisions on Australia's access to its own resources needs to be thoroughly audited.
How could this situation be anything other than treasonous?
that is exactly what it is
Ask the Labor Minister of the time who, when he left Politics, took up a Senior position with.....a major GAS COMPANY, surprise, surprise.
Parliament house is giant a mafia clubhouse occupied by treasonous invaders. We are locked out like the animals of animal farm.
Because Australians don't give a flying f..k.
History requires research... Start with 48(19)
wake up Australia !
Wake up voters.
What 2 major parties got us to this point?.
The aussie sheeple should have woken up 20 years ago. Yet they slagged of the independent thinkers as conspiracy theorists.
Yeah vote one nation and if not stop your whinging
@@tedbullpit6164 ON would be worse than the LNP are you fkn crazy
Were you awake when the last 2 political parties RAPED US. This one is doubling down, they are bending over even farther than the last one( that is going to take some doing) but they are trying REALLY hard.
Martin Ferguson, the minister for resources, should be in jail for what he did to the people of Australia. Instead, he works for a gas company and also receives a ministerial federal pension. The prime ministers at the time were also complicit in this crime by approving his actions.
In politics, nothing is contemptible.
Benjamin Disraeli
We are doomed.. our living quality is going down the drain ..
@@melvinleong3731that’s what they want.
What about subsequent governments.
Labor's minister for resources Martin Ferguson presided over a number of the legislative changes which allowed gas extractors to avoid tax before he retired from politics and became a fossil fuel lobbyist. He helped BG group sell QLD gas to the Chinese. I' ll do a post above, so much corruption including ASIC.
@@tsailor100 Both of them are involved.
Our politicians are so incompetent and/or corrupt it makes my blood boil 😡😠. We live in such a resource rich country, and yet we have Aussies homeless, overwhelmed hospitals, overcrowded schools and transport, pensioners choosing between heat or eat!! All this lost revenue would lift everybody's living standards!!
Blame John Howard. He's the one who signed the 20 year deal.
You contradicted yourself. If they are corrupt. They are not incompetent
@@RenegadeRanga You can still be corrupt and incompetent . One doesn’t necessarily discount the other.
@@RenegadeRanga”or” implies an alternative. In any case, one can indeed be both. It depends what kind of competence is being assessed. For example, one can be a very good liar, but woefully unable to demonstrate genuine leadership. These often go together. Often in Canberra.
I personally know a lot homeless people in Western Australia and every single one of them is on the meth or a alcoholic , don’t make out anyone except themselves are responsible for there life choices
It's just bloody ridiculous ...!!!
Australia is dead in the water…
@@tobybrown1179 We need to break with the Anglo American regime that controls practically everything in this country ie: banking and finance,foreign policy,energy production and policy and of course our mineral resources. A public people’s bank is the first step towards self determination , and the big private banks worst nightmare. Why do you think they fought so hard to privatise our commonwealth bank, and got rid of the Whitlam government when they wanted to nationalise our mineral resources.
IT SHOULD BE ILLEGAL
Why don't you do something about it then.
@@russellcullen9913 Nominating myself next general election. Only need $2000 dollars, rebateable, and know 100 people. That's all these people did and got elected.
But it’s not…
Yeah, but the same shonky politicians WRITE THE LAWS. You can't beat that?
IT IS CRIMINAL.
This has been going on for years and neither side, Labor or Liberals, have done anything about it!
Could you imagine the country we would be living in if our government collected these royalties and taxes?! We're talking billions of dollars here! We would have better roads and infrastructure, what about a fast train linking all our capital cities, better hospitals, schools and universities, free education, free health care, housing, the government would actually have more money to spend on Australian's and yet these criminals get away with paying nothing every year, while the ATO chases ordinary Aussies over their taxes and the government lets this happen! It's madness!
This situation was created by the LNP under John Howard!!! The following government didn't have the ball to change it !!! Get your facts right !!! It was on the news for months!!! The little nasty man little john!!! He was so proud of it !!!
The 2 major parties are the ones doing this to Aussies , blame the sheep voters that keep them in power .
@@lambsypte4482and blame the media for not shining a very bright light on these issues
The money will never make it us
The easiest way to make sure corporate tax is paid is to introduce an electronic debit tax, mandatorially collected by the banks at a rate of 2%. Yes, I said 2%. That is all that is required because currently, 97% of revenue is paid by wage and salary earners. The debit tax has been well researched and 20 years a go surveys showed 98% of Aussies supported this proposal.
Australia is run by white-collar crims for white-collar crims.
Australia was founded by it's convicts, and their gaolers.
USA crims
Nationalise it or tax them like Norway 78%
The gov will have to raise tax to pay for it 😂😂😂
@@debugin1227 you dont pay for whats already yours
We will get invaded by America, we are already and this is why it’s happening.
@@bjorn1583 it don’t come out for free
YES absolutely. But our politicians are fools
They wouldn't have gotten it for totally free...they would have had to pay a share to the politicians who enabled this situation...
they do, it's called post-office job offers. Andrew Robb got a great job in the gas industry after making the PRT almost worthless.
The LNP 😊
@@Vlaid65 Gee they all got the Biden economics ideals , me first the country and people a last thought in their minds.
yep and you signed off on it, so get the fuck up.
Australians own the gas which private corporations get free and we pay them at international prices for our own gas ??? We are all getting reemed hard.
Yep and you gave the OK. GET OVER IT.
@@David-dl3vj I and ALL Australians NEVER consented to these closed door deals with private companies. Australia's resources should be something only a referendum can decide.
@@whoguy4231 YES WE DO, every time we vote for a party instead of a doctrine. The parties USED to stand for an individual doctrine, Red or Blue? NOW it's just MONEY AND SELF INTEREST.
@@David-dl3vj It's all party donor interests which are made behind closed doors. Everyone knows corporate donors get EVERYTHING they want stealing Australia's resources ... But what do you expect from a penal colony. Kevin Rudd wanted the Super profits tax on those companies and effing liberals shot it down.
Pauline Hanson has been talking about this in Par Lament for many years. Whether you like her or not, you KNOW she has our best interests at heart !
Hanson is a Zionist, she lost my vote
Lead the race mate and I will follow! Australians for Australia 🇦🇺
Bull you will Listen to Murdock News and vote Liberal
NOT going to happen now. It's way too late. We are to far down the US rabbit hole. MONEY is GOD.
WE should not collect royalties, WE should sell the gas/minerals to the world, and make 80% profit instead of 15% tax.
its 1.8 tax it just went up .2% but we give back .6% to the gas industry to help with their cost of running
@@slater3611 " cost of running "....yes let them ( ignore ) the billions they make every year, for decades....
Yeah, and I've got a Unicorn for sale. You interested?
We should keep it for our own use and to build some industry in this cargo cult on the coast joke of a country.
Labor and Liberal politicians state and federal should all be jailed.
Traitors who allowed this to happen must go to jail and the theft must be stopped
No need to guess who is funding those ridiculous "renewable gas" adverts on TV.
Thank you punters politics for shining light on this issue.
Oh, and probably the real reason they're trying to outlaw gas in private homes.????
No.
Gas is unhealthy to breath, causing 12% of asthma cases. A disaster for babies & children.
Also gas is more expensive than electricity compared to efficient electric appliance such as heat pump HWS, RCAC. & Induction stoves are way better than gas.
Imagine how better off our country and people would be . Free health care , free education, safer roads ,😮it’s just unbelievable .
Oil and gas, mining, resources creates lots of jobs and income for regular families - why not get a job in the industry, you sure will pay lots more taxes but will be able to pay for health care, buy a fancier car and pay more fuel tax… don’t hate the players- hate the game..
Yes! we get 5 billion in royalties for our gas, but Qatar whom exports the same amount gets ...... wait for it yes 75 billion in royalties and it exported the same amount of gas! as Australia.and our government wants to give the land and Australia back to the Aboriginal mob. Whom in 40,000 years or so produced nothing or even had a written language, look at what the other countries did in the same time, discover the art of making iron, casting metals (gold silver), made and built houses, castles, roads, vessels to sail the oceans etc but the Aboriginal mob built did diddly squat in all those years, my friends we hard working Aussies are being squeezed out of our own country by our elected village idiots in government.
But you forgot that the politicians wouldn’t have their overseas jobs!
If Australia got more money the pollies would only squander it. No free anything.
Yeah, If only you used your VOTE better?
Disgraceful but not unsurprising. While the Aussie battler pays highest energy rates in the world . How incompetent.
Get over it, It's what you wanted? It's Australia, a democracy😢😢😢😢
@@ibrahimsabouh5088 Or maybe just outright corruption.
@@user-dd5hs2is2j Yes, that's right democratic corruption!
As an Australian, I stand for a vote to retain 100% of our mineral and mineral derivatives for our own use
When Gough Whitlam wanted to buy back all the Leases The Media and Liberal Party called it Communism
And do what with them? We shut down most the smelters etc because it was too costly. If you don’t sell it your broke
Whitlam tried to buy back all the mining leases.
Yeah if that was the case, yeah we are about there. PS DID YOU ACTUALLY VOTE?
87% of Australia’s Resources are Foreign Owned; by US, UK, Canada, Japan, China in that order.
The largest Importer of Australian Products has been China. but Australia patrols the South China Seas with the US. Australia joined AUKUS Treaty - an alliance whose “enemy” is China!
When Japan became too successful, the US destroyed their Economy by 1990; and Japan never recovered.
Sounds like theft, covered up by fraud.
This is Australia in 2024.
Yep, YOUR elected official. You did vote, didn't you? If you didn't, you have absolutely NO RIGHT to bitch.
Unbelievable!! Someone Must be held accountable!! This MUST stop now!!
All it takes is an INFORMED vote. Instead of voting like our fathers did.
They should be put in jail for doing this to their own country
Every prime minister in Australia retires 100% more wealthy than when they commenced, including most top tier politicians. And this is beyond what they are paid
maybe not julia
They are career politicians who come for money, not patriots to serve the country
Absolutely disgraceful.Why have these prices been allowed to destroy Australia.GO BACK to the politicians involved in this extortion - corruption and lay charges.Some corruptofficials have benefited at the expense of AUSTRALIAN workers.
I looked out the window at lunch time and can confirm Australia is still here - you will be pleased to know that we have not been destroyed
🤣🤣🤣🤣🤣🤣🤣🤣
Meanwhile I have pay tax on every cent of interest I have on my savings account.
Where's the public outrage ? Why isn't this the mainstream media headlines ? This is just so plainly wrong ! We must be the laughing stock of the business world.
We ARE.!!
I'm starting to detest the Australian government. give away our gas and listen to native title more than the people like we don't matter
only just starting???
Everything needs to change , and alot of politicians need to go to jail !!!!
they wont they like the money and retire early labor has stuffed up our jobs
Being America's vassal is futile.
yes, it is somebody else's fault. why not england?
Yeah, but profitable for our elected.
@David-dl3vj This is class warfare it isn't a nation-state's war.. politicians too need to eat and earn an income ..
Hmmmm.. looking like we are all stuck and drowning within the money system..😑..
@@peaceleader7315 There is 'income' then you have politicians 'income' They are paid EXCEEDINGLY well for what is essentially 3 months work here then 9 mths swanning around the world on the taxpayers dime looking for hints on how to rort the system more efficiently.
REALLY, WE Australian ARE PUPPETS OF THE U.S. LET CHANGE AT ONCE. AND BECOME INDEPENDED COUNTRY AND NEUTER. AND ABOVE ALL FREE FROM U.S AND E.U. AND UK. ARTHUR
Such a missed opportunity. We should have a sovereign fund for our resources like Norway. It's sickening that we have underfunded schools, underfunded hospitals. It's sickening that corporations and the rich are given a pass in the tax system while low income average Australians are treated like criminals, hounded by debt collectors over tax debts that are minuscule in comparison to the tax not collected from the wealthy and large corporations. Liberal\Coalition and Labor. Two sides of a worthless coin.
No actually Labor have been trying to wind back
@@rachelhead4986 Sorry, not sure what you mean. Trying to wind back what?
@@rachelhead4986 lol no they haven't.
@@rachelhead4986 READ this article on Michael West Media "Revealed: the revolving doors between public servants and fossil fuel lobbyists" by Adam Lucas | Mar 5, 2018 | Energy & Environment
Income tax is illegal, corporations you work at should pay tax, the employee should not, simples
We give our gas and also our oil away and the profits from iron ore and coal go to just a few people. Australians should be the richest people in the world but our government just give our resources away.
@MarkHardstaff-p6i Yes, really, look it up.
Who set this anti Australian deal up?
Labour back in the day
@@smileydave3907 since when did Howard work for labour cos he's the one that signed the contract
Now that labor are in power they should nationalise these industries.
Doesn't anyone remember the mining company ad blitz, backed by coalition campaigning when Rudd tried to push the PRRT for miners to pay their share..?
"Dr" Chalmers won't touch this because he has PTSD from when the miners yelled at him and Swanny (worlds greatest treasurer) years ago. So as long as the corporations make a dollarydoo and Australians pay the highest energy prices all while single-handedly saving the environment, that's fine.
So, what is the solution to holding those responsible for this treason?
It is easy. Put government into administration. Many senior public servants would gladly come out of retirement and relaunch sane government. It would ake just four years to put Australia in the black and every worker in full time jobs.
A benevolent dictator.
JAIL,GULAG HARD LABOUR
@@tonyryan43 Many senior public servants were the Corrupt ones that did these things.
Firstly, educate the people to stop voting for the two party and preference system by voting Independents, second, in a generation or three we will then have an opportunity to MAGA. People have to change their antiquated mindset regarding what future they are looking at, or not their future but their offspring future.
In a country with 25 million people, only 20k have seen this. This abhorrent behaviour by government officials over many years. But you know what, nothing's going to happen, because this isn't headline news. Australians know they are hurting by the cost of living crisis, what they don't understand, is how oil and gas corruption is the main cause for this crisis in the first place. If energy prices goes up, everything else goes up. A party with some balls is needed in Australia that will actually put the Australian citizen first. Companies who extract and export our resources should pay the Australian citizen for that right. Furthermore, proper taxes should be imposed on energy companies. Tax them heavily, if they stop production, then start state owned companies to compete on the world stage.
All resources extracted from the land in Australia form what is called the National Estate, which should be the main source of income for the governments around Australia instead of the peoples energy. The quicker people wake up and stand up to our corrupt system of party politics the better we will all be financially and morally. If the Constitution of this land was understood by the majority then the party political system would not have enough oxygen to survive, WAKE UP AUSSIE
❤This is why we shouldn't be paying any income tax or a land tax (rates), our resources should be paying any Australian who works and supports Australia a percentage of the sale of our natural resources. Where is this money going then ? Not to us Aussies hey! Corruption to the max
These resources belong to the Australian people NOT to the government or any corporation. So where is the money going?
How is not mainlining on every news outlet?
They are part of the problem partly owned by gas companies like channel 7 Kerry Stokes has a gas exploration company in WA and all the money that gas companies spend on advertising with these channels
EXACTLY !!! They all in on the payolla as well.
@@Fidelista23 every one but the Australian 🇦🇺 people what a joke
We are truly being rip of by the Americans
Hey, you REALLY should be looking closer to home. The rapists are in OUR midst. You really do NOT have to look outside our shores to see the BAD GUYS.
Have been since the second world war.
And what do both governments keep on saying, "we need too encourage foreign investment". Encourage, we are giving the lot too them.
Politicians get the $$$ under the Table
What a disgrace tied up by pollies on very long contracts!
Not only gas, it apply to everything.
Government rather give it away than managing economy to benefit Australia population.
EASIER, not to mention, more lucrative for their retirement?
We need to vote for anyone but the big two.
We do not have free and fair elections as long as we have preferential voting.
@@diana- Democracy isnt some magical perfect system .. its merely the "least worst system we have tried so far" as churchill said :) Its not a problem of pointing out its flaws, but of suggesting a superior design that may be put in place of it. And until some genius comes up with that, this is the chessboard we must play on. So lets fkn play :)
Not Green either
@@missinterpreted4923 Well I suspect the future is gonna have a lotta science-themed problems to deal with so Im goin green .. you do you.
When Labor did try to do something about it over 10 years ago were you cheering on the Liberals when they and the mining industry destabilised the Labor government and rolled the prime minister effectively destabilising the country for over 10 years
Not all Australians.There are a few Australian Business and Political elite who are getting very handsomely rewarded. Socialism for the ultra-rich has been working very well.
Yep and you signed off on it. so get up on your hind legs and DO SOMETHING?
@@David-dl3vj Ok, genius, seeing as how you have all the answers, what do you suggest we do?
@@David-dl3vj In 2017, I actually did try to do someting. I even became a member of the LNP which at least gave me a chance to attend some meetings that ordinary members were allowed to attend to put my views forward. I tried, really tried. I won't go into detail here, but after 2 years of trying I gave up.
@@jasonmelbaus9077 No point joining the major parties, because if you don’t play by their rules, you don’t last long. Just ask Jarrod Rennick or John Adam’s. both very effective,and they did a great job. But they rocked the boat and upset the party leadership.
The uni party needs to go, but Labor is definitely the worst govt ever.
No way the Liberal party created most of this sh🎉t
Is there really such a thing as a government , for the people , by the people ? OR are there just "Sellouts" Compromised , bought and paid for daylight bank robbers , "Selling out" to the international big bankers , big corporations , that enables them to live their luxurious , jet setting , lifestyles , at the expense of the hard working struggling families , who pay their exorbitant saleries ontop of what they thieve
100% right !!
Will Labor fix this rip off?
Nuh, they wont. 🤣🤣🤣
Not without people pressure.
the ALP can't because of the contracts signed by the LNP, some in the 99 year length. Howard started it and Scomo extended them
Both of the 2 major parties have got us to this point but the blame falls at the feet of the voters that kept them in power to do this to us.
They busy inserting their names into the list of 'winners' ...
@@JBSbass they could fix it. They are the law makers after all!
@@beesplaining1882 do you know how contracts work? What it costs to break them? Tax payers would be up for every cent these miners invested in labour, equipment, future earnings, the list goes on. Scomo made sure that Labour coming in would never have the political will to change it due to gigantic cost involved to do it. Which is why they give us households lump sums to offset the bill shock.
This makes me so bloody angry Australians have to put politicians in place that will stand up for Australians every single politician who is in the Labour Party and the LNP should resign or be removed and jailed for being a traitor to our country and its people
Australia can do African countries did to the French Uranium mining company.
Cancel the permit and evict.
Of course we could but we are the most brainwashed country on the planet beside Finland and Germany. A true vassal state of the USA.
They should be put in jail
This has been known for some time. Its pure corruption, yet the authorities are paid to let this happen. And Australians are helpless to change this .
You are NOT helpless. Every single vote counts, where we are all helpless is the naive public continues to vote for these corrupt financially benefitting treasonable politicians from our UNI PARTY SYSTEM. stop being helpless and help yourself in order to help every Australian.
Qatar charged $76b for similar volumes that we let go , our gov dont have our best interests at heart .
Dont blame the foreign owners blame the Turnble goverment letting it happen in the first instance ... Bloody shameful
Actually this rort goes back to 1975
@@RenegadeRanga only a third world country would allow itself to be exploited like this ...
Australian Gov backstabbing Aussies.
WE NEED TO VOTE THIS GOVERNMENT OUT NEXT ELECTION .
Did my sums , paid over 600 dollars in gas last financial year , for something I've hardly used .
Finally CZcams suggests something worth watching and relevant.
It’s time this scam stops!
Absolutely shocking! This must be stopped immediately!!
The people of Australia own the resources. Any company that wants to dig up those resources should have to buy it.
The "generous" (anti Australian) arrangements were put in place by a Labor Minister who, after leaving Politics, took up a Senior position with.......a GAS COMPANY surprise, surprise.
your LNP set all this up. The Australia Institute is a conservative " think tank " and probably advised the Scomo Gov on 99 year leases to these mining companies.
Not true
The Australia Institute states that it takes a bipartisan approach to research, but has also been described as a "progressive" or "left-leaning" think-tank.
@@rachelhead4986 what rot. They are smoke and mirrors and doing a good job of making out all this is the current gov doing.
Where does the funding come from?
This is criminal!! How is this even possible???
Good news is when Australian workers finished building 3 LNG plants in Queensland the Australian Tax office screwed them over with audit's and fines. Good on ya ATO and greedy politicians, let the milti nationals off with billions.
Will Australia finally wake up and see that it is not China they should be worried about.
Politicians DISGUST me!!
Our government must be overthrown for this reason alone
And they charges the Australian households premium prices for our gas usage.
Only country in the world that let's this happen
Disgraceful. What is wrong with spineless Australian governments?
All international companies exporting Australian natural resources should be made available to us at the same price as its export price pre shipping.
Australia’s petroleum resource rent tax: Paul Keating, Peter Walsh and other game changers
ABSTRACT It is now timely to examine the important area of the 1980s reform of petroleum resource taxation, about which there is scant analysis, compared to other Australian Labor Party reform initiatives from that era. The questions concern the roles of Paul Keating, as Treasurer and Peter Walsh, as Minister for Resources and Energy, in petroleum taxation reform. Bourdieu’s social practice theory is used to analyse the consultative process of resource rent tax policy to legislation, which culminated in the Petroleum Resource Rent Tax Assessment Act 1987. This Act introduced a tax on profits, over a specified threshold, generated from the sale of petroleum commodities. To revisit the story of the 1980s petroleum tax reform, this article draws on primary archival documents, predominantly from Craig Emerson’s private papers that cover his time (in 1984) with the Office of the Minister of Resources and Energy. Unique insights are obtained into the consultative process via his hand-written files and personal observations. The findings indicate that although Paul Keating, Bob Hawke and advisors such as Ross Garnaut played important roles, Peter Walsh should be given the most credit for progressing the petroleum resource tax policy in 1984, that later resulted in legislation in 1987.
Wasnt it John Howard made it possible for all Australias gas to be exported.
Yeah but it is just a continuation from Whitlam.
@@RenegadeRanga Yes, it does not matter who is power. They are all bought.
Why do we pay so much for it
WAKE UP Australia!
AUSTRALIAN GAS AND ELECTRICITY - 2017
Australia is paid a miserable 800 million dollars in tax by the gas producers per year whereas Qatar receives nearly 50 billion dollars - something wrong somewhere!
The electricity and gas people have a responsibility to their investors to maximize profits for their shareholders so why are they allowed to own these facilities when obviously the consumer is the victim?
It is our gas and should be used by us under our control - not owned by foreigners.
This is the plan;
A non-profit corporation is established that buys the existing gas and electricity businesses at the right price and doesn’t sue for gauging, give everyone free gas and electricity with the government supporting any shortfall in operating cost with our tax money.
There is no alternative.
Posted 22nd October 2017 by harry soothsayer
Posted 21st August 2018 by harry soothsayer
Posted 22nd January 2019 by harry soothsayer
Haha full of dreamers here … why not try - you just got buy enough shares to take control - I mean - that shouldn’t cost too much should it?
@@debugin1227 a Peoples corporation
First scrap the two party preference system in Australia. Second get rid of all the Lawyers in government.
You are so right Darren, lawyers were outlawed from parliment once.
@johnwely Really I didn't know that I wonder why it changed.
@johnwely Really I didn't know that I wonder why it changed
That’s Capitalism for you
Nothing wrong with Capitalism and everything wrong with Globalist WEF control. Their mantra is You will own nothing and you will be happy. If you don't wake up then be prepared for a diet of insects ... but only if you are obedient, stop critical thinking and do as you are told.
Who signed these contracts, they should be held accountable? I didn't spend 34 tears in Defence, both uniformed (24) and civilian (10), to be done over by this kind of political incompetence. Wake up and fix this debacle pollies!
Australia’s petroleum resource rent tax: Paul Keating, Peter Walsh and other game changers
ABSTRACT It is now timely to examine the important area of the 1980s reform of petroleum resource taxation, about which there is scant analysis, compared to other Australian Labor Party reform initiatives from that era. The questions concern the roles of Paul Keating, as Treasurer and Peter Walsh, as Minister for Resources and Energy, in petroleum taxation reform. Bourdieu’s social practice theory is used to analyse the consultative process of resource rent tax policy to legislation, which culminated in the Petroleum Resource Rent Tax Assessment Act 1987. This Act introduced a tax on profits, over a specified threshold, generated from the sale of petroleum commodities. To revisit the story of the 1980s petroleum tax reform, this article draws on primary archival documents, predominantly from Craig Emerson’s private papers that cover his time (in 1984) with the Office of the Minister of Resources and Energy. Unique insights are obtained into the consultative process via his hand-written files and personal observations. The findings indicate that although Paul Keating, Bob Hawke and advisors such as Ross Garnaut played important roles, Peter Walsh should be given the most credit for progressing the petroleum resource tax policy in 1984, that later resulted in legislation in 1987.
What are we doing!!?? This is insane! Wake up people
So who got paid to 'give over ' this vast resource? Martin Ferguson, followed by Johnny Howard ....so who benefitted?
Hush money for everyone in parliament.....
Australia’s petroleum resource rent tax: Paul Keating, Peter Walsh and other game changers
ABSTRACT It is now timely to examine the important area of the 1980s reform of petroleum resource taxation, about which there is scant analysis, compared to other Australian Labor Party reform initiatives from that era. The questions concern the roles of Paul Keating, as Treasurer and Peter Walsh, as Minister for Resources and Energy, in petroleum taxation reform. Bourdieu’s social practice theory is used to analyse the consultative process of resource rent tax policy to legislation, which culminated in the Petroleum Resource Rent Tax Assessment Act 1987. This Act introduced a tax on profits, over a specified threshold, generated from the sale of petroleum commodities. To revisit the story of the 1980s petroleum tax reform, this article draws on primary archival documents, predominantly from Craig Emerson’s private papers that cover his time (in 1984) with the Office of the Minister of Resources and Energy. Unique insights are obtained into the consultative process via his hand-written files and personal observations. The findings indicate that although Paul Keating, Bob Hawke and advisors such as Ross Garnaut played important roles, Peter Walsh should be given the most credit for progressing the petroleum resource tax policy in 1984, that later resulted in legislation in 1987.
It started with Howard giving Japan gas for basically nothing.
It started with Whitlam signing the Lima Agreement.
Australias energy is not any politicians to give away. It belongs to Australia and Australians. It is common wealth.
How could this have been allowed to have happened. Who was resposible for this ? This outrageous fact has to be a future election issue.
This is outrageous! Politicians have sold us out.
Wheatstone LNG Project and Chevron are a classic example.
Yeah Thanks PuntersPolotics, the only reason this is being picked up by people like this who should have been forcing change for years. But nope took a kid in his 20s to get people like this to gaslight us into thinking they care. Punts!
All thanks to that economic genius, John Howard.
Why aren’t we stopping this?
WTF - make those foreign companies pay
Simply disgusted by this...😡😡
This is absolutely disgusting, Australia governments both Labour & Liberal have allowed this. I'm voting Australia first party next election.
WtF. This is why Pauline Hanson needs to be in charge. She will make Australia rich off our resources but make sure we either get them for free, which we should or charge us less. By the way why is this happening? Why aren't they charged? Is it votes they get?
When is the Australian Government going to fix this issue of payment for Australian's resources? Labor get off your Ass NOW!
Short memory. Don’t you remember when the Labor party tried to do something about it it your liberal buddies and the mining and minerals industry wage ya massive campaign against Labor’s initiatives to pull in a proper amount of royalties but the Prime Minister was rolled and we had years of 11-15 month prime ministers.
Unfortunately what the government did try to do something about it the billionaires convinced the working class that is was a Labor money grab, that it would crash the economy and people would lose their jobs. Those people voted out Labor and now are the same ones now complaining that Labor isn’t doing anything about it. You had you chance
Voters - Australian voters get off your Ass now. Do not look to the willing corrupt base to fix your problem. They don't have a problem, WE do.
@@marcelchaloupka Short memory? So because I have a go at Labor for not fixing a situation they said they would fix before they were elected I am now a liberal? Guess what buddy they both stink. I bet you go to Sunday Brunch with them all in Canberra? These resources belong to Australian's and they are being given away by Labor at the moment, they could do something about it but have they? NO so how about you go back into your box!
@@marcelchaloupka labor is banking on other stuff don't you worry, no one is innocent in the game of politics. Both labor and libs should go it's time for someone new.
Australia’s petroleum resource rent tax: Paul Keating, Peter Walsh and other game changers
ABSTRACT It is now timely to examine the important area of the 1980s reform of petroleum resource taxation, about which there is scant analysis, compared to other Australian Labor Party reform initiatives from that era. The questions concern the roles of Paul Keating, as Treasurer and Peter Walsh, as Minister for Resources and Energy, in petroleum taxation reform. Bourdieu’s social practice theory is used to analyse the consultative process of resource rent tax policy to legislation, which culminated in the Petroleum Resource Rent Tax Assessment Act 1987. This Act introduced a tax on profits, over a specified threshold, generated from the sale of petroleum commodities. To revisit the story of the 1980s petroleum tax reform, this article draws on primary archival documents, predominantly from Craig Emerson’s private papers that cover his time (in 1984) with the Office of the Minister of Resources and Energy. Unique insights are obtained into the consultative process via his hand-written files and personal observations. The findings indicate that although Paul Keating, Bob Hawke and advisors such as Ross Garnaut played important roles, Peter Walsh should be given the most credit for progressing the petroleum resource tax policy in 1984, that later resulted in legislation in 1987.
Politicians are laughing all the way to the bank
All the way to Davos you mean.
@@robertmartin8436 true
Just been to Norway, the average government savings per citizen is about $450k AUD, from natural resources that belong to their citizens. Australia is about $8.98k per citize in debt.
Criminal that Australian have to keep reaching into our pockets while being robbed by our politicians
How disgusting!!! Shameful 😢
Time to vote One Nation and fight against this type of scheme.
Time to vote Greens, they are the loudest on fighting this corruption, not One Nation ! 😂
@elephantintheroom5678 The greens are backing the destruction of our rainforest and the Great dividing range for wind and solar factories.
That is the most ridiculous statement in response to a liberal party fiasco if I've ever heard one. Who does one nation side with on most legislation? Only the creators of the problem
@@elephantintheroom5678 The greens are part of the uniparty.
@@briananderson7285 wrong.