QUESTIONS WITHOUT NOTICE

Dr RYAN (Kooyong) (14:44): My question is for the Treasurer. Treasurer, when Russia invaded Ukraine in 2022, Woodside doubled its profits. The PRRT fails to capture windfall profits from conflicts like those in Ukraine and Iran.

In a cost-of-living crisis, will you impose a windfall tax on the excess profits of oil and gas companies so that Australians can feel confident that we will receive a fair return on our finite national resources?