QUESTIONS WITHOUT NOTICE

Dr SCAMPS (Mackellar) (14:22): My question is to the Prime Minister. Prime Minister, you've spoken about how the petroleum resource rent tax is designed to ramp up over time, but it seems like the government revenue the gas industry promises is always around the corner. Since 2000, prices of goods and services have doubled, Australia's nominal GDP has quadrupled, gas industry revenue is over five times higher, and yet the PRRT raises less money than in 2000.

Prime Minister, why won't the government accept that this ramp-up is never coming and simply tax our gas exports?