The Australia Institute made a submission to Commonwealth Treasury’s Petroleum Resource Rent Tax Gas Transfer Pricing Review. Australians are being short changed by the LNG industry and the way it is taxed. A shift in the way the PRRT estimates transfer prices between a project’s upstream extraction and downstream liquefaction to ‘netback only’ pricing, could increase revenue by $89 billion between 2023 and 2050.
The Australia Institute made a submission on the proposed modification to the Ulan coal mine. Assessment of the proposal does not meet NSW guidelines and overstates potential benefits. It should be rejected on economic and climate grounds.
The Australia Institute made a submission to the NSW Independent Planning Commission’s May 2019 consideration of the United Wambo coal project. The latest assessment by Deloitte, commissioned by the mine proponents, confirms Australia Institute analysis that mine voids can be filled leaving a $139 million surplus, based on EIS figures.
The rules in place prior to the 2012 Barwon-Darling Water Sharing Plan were based on science and extensive stakeholder consultation. The Water Sharing Plan included changes to those rules that were not based on any science and were not consulted on. The plan was also based on a fundamentally deficient Cap model. The pre-2012 rules should be reinstated.
A ban on cotton exports is an ‘unpalatable measure’, but policy change is needed to make the industry transparent, accountable and reduce its impacts on communities and ecosystems elsewhere in the Murray Darling Basin.
The Australia Institute has made a submission to the Senate Standing Committees on Rural and Regional Affairs and Transport inquiry into cotton exports. A ban on cotton exports is an ‘unpalatable measure’, but policy change is needed to make the industry transparent, accountable and reduce its impacts on communities and ecosystems elsewhere in the Murray Darling Basin.
The NSW Draft Floodplain harvesting monitoring and auditing strategy (draft strategy) is entirely inadequate for managing floodplain harvesting in New South Wales.
It is inconsistent with numerous legislative and other government commitments and is likely unlawful. It should be withdrawn and heavily revised.
The NSW Government’s strategy to manage irrigators’ use of floodwaters has been slammed in a joint submission by researchers, irrigators, graziers and a Darling River community group.
The diverse groups called on the NSW Government to withdraw its draft strategy as it fails to address the problem of massive volumes of water being diverted into private storages.
“Floodplain harvesting in northern NSW has huge environmental and economic impacts across the Basin,” said Maryanne Slattery, Senior Water Researcher at The Australia Institute.
The Australia Institute has long argued that the decline of fossil fuels in the electricity sector presents great opportunities for consumers, in terms of affordability, reliability and sustainability.
The traditional model of centralised generators with a monopoly on supply is dying. Information and computing technology is providing the capability for consumers to flip the switch and become ‘prosumers’, able to produce, store, trade and manage electricity.
Dividend imputation was introduced by the then Treasurer Paul Keating in 1987 with the aim of eliminating the so-called double taxation of company income.