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Evidence

Data and charts

Every chart on the site with its full data table and source.

PRRT collected each year, 1989-90 to 2029-30#Cash receipts. Faded bars are Budget forecasts.
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PRRT collected each year, 1989-90 to 2029-30
YearPRRT cash receipts
1989-90$42m
1990-91$293m
1991-92$876m
1992-93$1,389m
1993-94$1,072m
1994-95$865m
1995-96$791m
1996-97$1,308m
1997-98$907m
1998-99$419m
1999-00$1,184m
2000-01$2,379m
2001-02$1,361m
2002-03$1,712m
2003-04$1,168m
2004-05$1,459m
2005-06$1,917m
2006-07$1,510m
2007-08$1,686m
2008-09$2,184m
2009-10$1,251m
2010-11$806m
2011-12$1,463m
2012-13$1,817m
2013-14$1,511m
2014-15$1,870m
2015-16$741m
2016-17$981m
2017-18$1,116m
2018-19$1,053m
2019-20$1,052m
2020-21$786m
2021-22$1,638m
2022-23$2,287m
2023-24$1,144m
2024-25$1,420m
2025-26$1,400m
2026-27$1,900m
2027-28$1,750m
2028-29$1,550m
2029-30$1,250m

Source: PBO Historical Fiscal Data, 2026-27 Budget. Includes small Minerals Resource Rent Tax receipts in 2012-13 to 2014-15. Nominal dollars

The deduction pool dwarfs what projects earn, and what they pay#Industry-wide PRRT figures, 1990-91 to 2024-25
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The deduction pool dwarfs what projects earn, and what they pay
YearDeduction pool (carried-forward deductions)Revenue (assessable receipts)PRRT paid
1990-91$0.2b$4.6b$1.6b
1991-92$0.2b$4.0b$1.3b
1992-93$0.2b$4.1b$1.3b
1993-94$0.6b$3.5b$1.0b
1994-95$0.4b$3.6b$0.8b
1995-96$0.6b$3.3b$0.8b
1996-97$1.2b$4.2b$1.1b
1997-98$1.2b$3.6b$0.9b
1998-99$1.3b$2.5b$0.4b
1999-00$2.4b$6.4b$1.4b
2000-01$1.2b$9.3b$2.0b
2001-02$0.8b$6.4b$1.5b
2002-03$1.0b$6.3b$1.6b
2003-04$1.0b$5.3b$1.3b
2004-05$1.7b$5.9b$1.5b
2005-06$2.6b$8.2b$2.0b
2006-07$2.0b$9.0b$1.8b
2007-08$3.5b$11.5b$1.9b
2008-09$4.7b$10.5b$1.6b
2009-10$10.6b$9.8b$1.3b
2010-11$9.4b$12.0b$1.0b
2011-12$18.4b$12.7b$1.6b
2012-13$127.7b$26.4b$1.3b
2013-14$159.3b$29.8b$1.8b
2014-15$187.3b$25.6b$1.2b
2015-16$238.6b$20.5b$1.0b
2016-17$283.3b$22.9b$1.0b
2017-18$336.1b$30.4b$1.2b
2018-19$287.5b$36.1b$1.0b
2019-20$279.0b$32.9b$1.0b
2020-21$278.7b$24.2b$0.9b
2021-22$274.1b$49.2b$2.0b
2022-23$274.0b$55.1b$1.9b
2023-24$274.8b$46.3b$1.5b
2024-25$280.1b$41.9b$1.9b

Source: ATO Taxation Statistics 2023-24, PRRT Table 5. The 2012-13 jump is PRRT's extension to onshore projects and the North West Shelf; the 2018-19 fall is onshore projects leaving PRRT. Nominal dollars

PRRT's share of project revenue has collapsed#PRRT paid as a share of PRRT revenue (assessable receipts), 1990-91 to 2024-25
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PRRT's share of project revenue has collapsed
YearPRRT as % of revenue (assessable receipts)
1990-9134.1%
1991-9232.4%
1992-9332.8%
1993-9428.1%
1994-9522.7%
1995-9624.4%
1996-9727.2%
1997-9824.6%
1998-9914.3%
1999-0021.6%
2000-0121.8%
2001-0224.0%
2002-0326.0%
2003-0424.2%
2004-0525.6%
2005-0624.5%
2006-0719.6%
2007-0816.9%
2008-0915.7%
2009-1012.9%
2010-118.7%
2011-1212.5%
2012-134.8%
2013-146.1%
2014-154.9%
2015-164.9%
2016-174.5%
2017-184.0%
2018-192.9%
2019-203.0%
2020-213.8%
2021-224.1%
2022-233.4%
2023-243.2%
2024-254.5%

Source: ATO Taxation Statistics 2023-24, PRRT Table 5. The 2024-25 rise reflects the 90% deductions cap

PRRT as a share of oil and LNG export value#PRRT cash receipts divided by LNG plus crude oil export value, 1989-90 to 2025-26
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PRRT as a share of oil and LNG export value
YearPRRT as % of LNG + crude oil exports
1989-903.0%
1990-9111.2%
1991-9235.6%
1992-9347.9%
1993-9443.4%
1994-9529.6%
1995-9626.0%
1996-9735.8%
1997-9823.6%
1998-9912.7%
1999-0016.3%
2000-0122.0%
2001-0215.1%
2002-0319.0%
2003-0416.2%
2004-0515.3%
2005-0617.3%
2006-0711.2%
2007-0810.3%
2008-0911.6%
2009-107.2%
2010-113.6%
2011-126.1%
2012-137.4%
2013-145.5%
2014-157.3%
2015-163.4%
2016-173.5%
2017-182.9%
2018-191.8%
2019-201.9%
2020-212.1%
2021-221.9%
2022-232.2%
2023-241.4%
2024-251.9%
2025-262.1%

Source: Department of Industry, Resources and Energy Quarterly, September 2026; PBO Historical Fiscal Data, 2026-27 Budget. PRRT applies to oil and gas from PRRT projects; onshore Queensland LNG has never paid PRRT

LNG exports boomed. PRRT didn't.#LNG export value and PRRT cash receipts, 1989-90 to 2025-26
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LNG exports boomed. PRRT didn't.
YearLNG export valuePRRT cash receipts
1989-90$0.3b$0.0b
1990-91$0.8b$0.3b
1991-92$0.8b$0.9b
1992-93$1.1b$1.4b
1993-94$1.0b$1.1b
1994-95$1.2b$0.9b
1995-96$1.4b$0.8b
1996-97$1.5b$1.3b
1997-98$1.6b$0.9b
1998-99$1.4b$0.4b
1999-00$1.9b$1.2b
2000-01$2.7b$2.4b
2001-02$2.6b$1.4b
2002-03$2.6b$1.7b
2003-04$2.2b$1.2b
2004-05$3.2b$1.5b
2005-06$4.4b$1.9b
2006-07$5.2b$1.5b
2007-08$5.9b$1.7b
2008-09$10.1b$2.2b
2009-10$7.8b$1.3b
2010-11$10.4b$0.8b
2011-12$11.9b$1.5b
2012-13$14.3b$1.8b
2013-14$16.3b$1.5b
2014-15$16.9b$1.9b
2015-16$16.6b$0.7b
2016-17$22.3b$1.0b
2017-18$30.9b$1.1b
2018-19$49.7b$1.1b
2019-20$47.5b$1.1b
2020-21$30.5b$0.8b
2021-22$70.6b$1.6b
2022-23$92.2b$2.3b
2023-24$68.6b$1.1b
2024-25$64.6b$1.4b
2025-26$55.4b$1.4b

Source: Department of Industry, Resources and Energy Quarterly, September 2026; PBO Historical Fiscal Data, 2026-27 Budget. Export values free on board, nominal dollars

The 90% cap forced new payments, while decommissioning refunds grew#PRRT paid, the part forced by the 2023 cap, and closing-down refunds, 2020-21 to 2024-25
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The 90% cap forced new payments, while decommissioning refunds grew
YearPRRT paidOf which forced by the 90% capDecommissioning refunds (closing-down credits)
2020-21$931m$9m
2021-22$2,004m$56m
2022-23$1,868m$46m
2023-24$1,471m$225m$253m
2024-25$1,873m$552m$520m

Source: ATO Taxation Statistics 2023-24, PRRT Table 5. Cap-forced PRRT estimated as 40% of the extra taxable profit the ATO attributes to the cap

Oil and gas company tax was small until the 2022 price spike#Net company income tax, oil and gas extraction industry, 2009-10 to 2023-24
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Oil and gas company tax was small until the 2022 price spike
YearNet company tax
2009-10$1,005m
2010-11$1,275m
2011-12$1,006m
2012-13$3,086m
2013-14$1,535m
2014-15$2,682m
2015-16$742m
2016-17$1,014m
2017-18$1,155m
2018-19$1,696m
2019-20$1,356m
2020-21$782m
2021-22$1,501m
2022-23$12,051m
2023-24$10,402m

Source: ATO Taxation Statistics 2023-24, Companies Table 5. Company income tax only, all companies coded to oil and gas extraction. Excludes PRRT and royalties

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