The proposal would reverse the Critical Minerals Production Tax Credit program, a component of the 2024-25 Budget measure, Future made in Australia – Making Australia a Renewable Energy Superpower, which is expected to start on 1 July 2027.

The proposal would reverse the Critical Minerals Production Tax Credit program, a component of the 2024-25 Budget measure, Future made in Australia – Making Australia a Renewable Energy Superpower, which is expected to start on 1 July 2027.

The proposal would extend the Junior Minerals Exploration Incentive (JMEI) with a $100 million credits cap over 4-years to support the next wave of exploration and investment.

The proposal would start on 1 July 2025.

The proposal has two components that would have effect from 1 July 2025.

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.

The proposal has two components that would have effect from 1 July 2025.

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.

The proposal has two components that would have effect from 1 July 2025.

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.

The proposal has two components that would have effect from 1 July 2025.

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.

The proposal has two components that would have effect from 1 July 2025.

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.

The proposal would introduce a new 40% Coal and mining tax (CMT) on the super profits of individual Australian mining projects, where the super profits would be calculated at the project level as revenue less expenses. 

The proposal would introduce a new 40% Coal and mining tax (CMT) on the super profits of individual Australian mining projects, where the super profits would be calculated at the project level as revenue less expenses.