The proposal has four components.

Component 1 – Abolish the fuel tax credit for all industries except agricultural businesses.

Component 2 – Abolish accelerated asset depreciation for aircraft, the oil and gas industry, and motor vehicles (except for those used for agricultural purposes).

Component 3 – Abolish the immediate deduction for exploration and prospecting expenses for the mining industry, including the Mining Exploration Development Incentive.

The proposal has four components.

Component 1 – Abolish the fuel tax credit for all industries except agricultural businesses.

Component 2 – Abolish accelerated asset depreciation for aircraft, the oil and gas industry, and motor vehicles (except for those used for agricultural purposes).

Component 3 – Abolish the immediate deduction for exploration and prospecting expenses for the mining industry, including the Mining Exploration Development Incentive.

The request sought the total amount that is uncommitted and uncontracted (and can therefore be reclaimed) from a number of fossil fuel-related projects announced between November 2018 and March 2022.

Attachment B provides details on the projects or announcements that are covered in this response.

The request sought the total amount that is uncommitted and uncontracted (and can therefore be reclaimed) from a number of fossil fuel-related projects announced between November 2018 and March 2022.

Attachment B provides details on the projects or announcements that are covered in this response.

The request sought the total amount that is uncommitted and uncontracted (and can therefore be reclaimed) from a number of fossil fuel-related projects announced between November 2018 and March 2022.

Attachment B provides details on the projects or announcements that are covered in this response.

The request sought the total amount that is uncommitted and uncontracted (and can therefore be reclaimed) from a number of fossil fuel-related projects announced between November 2018 and March 2022.

Attachment B provides details on the projects or announcements that are covered in this response.

The request sought the total amount that is uncommitted and uncontracted (and can therefore be reclaimed) from a number of fossil fuel-related projects announced between November 2018 and March 2022.

Attachment B provides details on the projects or announcements that are covered in this response.

The request sought the total amount that is uncommitted and uncontracted (and can therefore be reclaimed) from a number of fossil fuel-related projects announced between November 2018 and March 2022.

Attachment B provides details on the projects or announcements that are covered in this response.

The request sought the total amount that is uncommitted and uncontracted (and can therefore be reclaimed) from a number of fossil fuel-related projects announced between November 2018 and March 2022.

Attachment B provides details on the projects or announcements that are covered in this response.

The proposal has two components that would have effect from 1 July 2023.

Component 1

Replace the existing petroleum resource rent tax (PRRT) method of uplifting excess expenditure to future years that relates to PRRT projects with the following method.