It's true that some taxes grow and while others fade away. Here's a look at some of the 'smaller taxes' by how much they are expected to grow over the next 4 years. What's striking is that while Australia is in the middle of a gas price boom, the PRRT is still expected to fall by a third.
Tue 12 May 2026 21.26 AEST
Image: AAP/Rebecca Le May
It’s true that some taxes grow and while others fade away.
Here’s a look at some of the ‘smaller taxes’ by how much they are expected to grow over the next 4 years.
What’s striking is that while Australia is in the middle of a gas price boom, the PRRT is still expected to fall by a third.
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Direct funding for environmental protection in this year’s budget is just 0.3% of total budget expenses. Alarmingly, it then falls off dramatically over the forward estimates. Such low levels of direct investment in the environment used to be a feature of Coalition rather than Labor governments.
We know the amount raised from the beer excise is greater than the PRRT, but the bank levy is also bigger than the PRRT. It's little wonder the head of the Commonwealth Bank has twigged that gas companies are taking the piss.
