Greens demand 25% gas export tax
Krishna Dhanji
The Greens are demanding a 25% tax on all gas exports and prioritizing domestic gas supplies as the country faces future gas shortages by 2028.
The small party – which recently struck a deal with the government on EPBC nature law reforms – say they will not support any new gas fields. He says more than enough non-contracted gas is being exported abroad to meet any future shortfall.
The 25% tax would replace the Petroleum Resource Rent Tax, which the Greens say has failed to collect “meaningful” revenue from gas exporters due to “huge loopholes”.
Greens senator Steph Hodgins-May Says gas corporations have created a “crisis” that Australian families are paying for.
The lies of the government and industry are rapidly being exposed. We don’t have a gas shortage, we have a gas export problem.
If Labor puts forward an alternative that incentivizes new gas and rewards corporations more for robbing Australians, they will not get the support of the Greens.
House prices have risen more than the benefits of interest rate cuts
Rising house prices have wiped out the benefits of three interest rate cuts for new buyers, new data shows.
AAP Property analytics firm Quotality reported on Monday that house values across Australia rose 1% in November and the average house price is now $888,941.
This followed a strong result in October, when prices rose 1.1%, and a 0.8% rise in September. On a monthly basis, growth in Sydney slowed to 0.5% from 0.7%, while in Melbourne it fell from 0.9% in October to 0.3% in November.
Meanwhile, mid-sized capitals gained momentum. Brisbane became the second Australian city to break the $1 million average home price barrier.
The impact of the cash rate cut of 75 basis points since February is already wearing off. Cotality Research Director Tim Lawless It was calculated that the deduction increased the borrowing ability of the average income household by $55,000, but home values have since increased by $60,000.
For renters, the outlook remains one of worsening affordability. Rents are rising in every capital city, with the national rent index up 5% over the past 12 months – the highest annual growth rate in a year.
Greens demand 25% gas export tax
Krishna Dhanji
The Greens are demanding a 25% tax on all gas exports and prioritizing domestic gas supplies as the country faces future gas shortages by 2028.
The small party – which recently struck a deal with the government on EPBC nature law reforms – say they will not support any new gas fields. He says more than enough non-contracted gas is being exported abroad to meet any future shortfall.
The 25% tax would replace the Petroleum Resource Rent Tax, which the Greens say has failed to collect “meaningful” revenue from gas exporters due to “huge loopholes”.
Greens senator Steph Hodgins-May Says gas corporations have created a “crisis” that Australian families are paying for.
The lies of the government and industry are rapidly being exposed. We don’t have a gas shortage, we have a gas export problem.
If Labor puts forward an alternative that incentivizes new gas and rewards corporations more for robbing Australians, they will not get the support of the Greens.
Good morning!
Good morning, and happy December. Another month passes, another season begins. Nick Visser Here’s what’s on deck – to get you started on the blog this morning.
greens There are calls for a 25% tax on all gas exports, with a new priority on domestic gas supplies. The party, which recently struck a deal with the Labor government on new federal nature law reforms, says it will not support any new gas fields.
According to recent data, rising house prices have wiped out the benefits of the three interest rate cuts for new buyers. Across Australia, the average house price is now around $889,000.
The government is encouraging businesses, creators and AI developers to label AI generated or modified content. Tim AyersThe Minister for Industry and Innovation said the strategy would see “benefits from innovation without sacrificing trust”.
Stay tuned with us.
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