Senators from One Nation, the Nick Xenophon Team as well as independents Jacqui Lambie and Derryn Hinch told the Guardian Australia that taxpayers are not receiving a fair share of revenue for gas resources.
The crossbench has called for a 10 per cent flat tax rate to replace the PRRT – a move that would deliver an estimated $28.4 billion over 10 years.
Last year, Treasurer Scott Morrison revealed that revenues from the PRRT have halved since 2012-13 and announced a formal review into the PRRT.
The outcome of the review is due this month, with its recommendations to be included in this years’ budget planning.