The proposal would prohibit any new gas fields, coal mines, gas plants or coal stations. This includes preventing any expansion of any existing gas fields (onshore and offshore) or coal mines that are currently in operation. The proposal would mean that any new coal and gas projects that have been publicly announced, but not yet committed to, would no longer be permitted to commence.

The proposal would prohibit any new gas fields, coal mines, gas plants or coal stations. This includes preventing any expansion of any existing gas fields (onshore and offshore) or coal mines that are currently in operation. The proposal would mean that any new coal and gas projects that have been publicly announced, but not yet committed to, would no longer be permitted to commence.

The proposal would prohibit any new gas fields, coal mines, gas plants or coal stations. This includes preventing any expansion of any existing gas fields (onshore and offshore) or coal mines that are currently in operation. The proposal would mean that any new coal and gas projects that have been publicly announced, but not yet committed to, would no longer be permitted to commence.

The proposal would prohibit any new gas fields, coal mines, gas plants or coal stations. This includes preventing any expansion of any existing gas fields (onshore and offshore) or coal mines that are currently in operation. The proposal would mean that any new coal and gas projects that have been publicly announced, but not yet committed to, would no longer be permitted to commence.

The proposal has 6 components that would end subsidies for the coal mining, oil and gas industries.

The proposal has two components that would have effect from 1 July 2022.

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 introduce levies, in the form of purchasable permits, on thermal and metallurgical coal. The proposal would also introduce a declining annual cap on the export of thermal coal. The export of metallurgical coal would not be capped.

Component 1: Thermal coal

The proposal has two components that would introduce levies, in the form of purchasable permits, on thermal and metallurgical coal. The proposal would also introduce a declining annual cap on the export of thermal coal. The export of metallurgical coal would not be capped.

Component 1: Thermal coal

The proposal has two components that would introduce levies, in the form of purchasable permits, on thermal and metallurgical coal. The proposal would also introduce a declining annual cap on the export of thermal coal. The export of metallurgical coal would not be capped.

Component 1: Thermal coal

The proposal has two components that would introduce levies, in the form of purchasable permits, on thermal and metallurgical coal. The proposal would also introduce a declining annual cap on the export of thermal coal. The export of metallurgical coal would not be capped.

Component 1: Thermal coal