The Albanese government will today reveal which projects get the chop, which survive, and which get extra money. Follow the day’s news live
The government will today introduce legislation to reform the petroleum resource rent tax (PRRT) to deliver a fairer return to the country from natural resources.
The bill limits the proportion of PRRT assessable income that can be offset by deductions to 90% from 1 July 2023.
The independent review found the Infrastructure Investment Program we inherited could not be delivered. With the co-operation of the states and territories we now have a forward plan of projects that are properly planned and targeted to unlock significant economic, social and environmental objectives.
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