Today I announced One Nation's policy to get Australians a better return on the Commonwealth's gas and oil, our natural resources at @au_energy_prod
We want more gas extracted and more money given back to Australian's future wealth.
One Nation would partner with the oil and gas industry rather than treating it as an enemy, with the aim of increasing exploration, development and production of oil and gas
Under the policy, the party would introduce a 30 per cent rebate for genuine oil and gas exploration in Commonwealth waters, while giving the Commonwealth Government the option to take up to a 30 per cent equity stake in any production licence.
This would mean real ownership of Australia's natural resources by the Australian people.
Rather than acquiring ownership by force, the government would pay its share of costs as a joint venture partner and receive a corresponding share of production.
To manage these interests, One Nation would establish a special investment vehicle called the Australian National Wealth Investment Corporation (ANWIC), which would hold the government’s resource stakes and be tasked with making decisions for the greatest benefit of Australians.
Government would receive their proportion of oil and gas which could then be directed to the domestic market, used to support critical industries such as fertiliser, energy and smelting, or sold into export markets to help reduce government debt.
ANWIC would be overseen by a board made up of people with proven oil and gas industry experience, rather than career bureaucrats, and the Commonwealth would remain a non-operating partner while private-sector experts continued to run projects.
The policy would also allow ANWIC to invest in existing projects, but only on commercial, arm’s-length terms, with the government paying its way as in investment rather than taking over projects.
In return, the Commonwealth could choose to receive either its share of profits or physical gas supply, giving it the flexibility to support domestic manufacturing when needed or benefit from selling at high international prices.
One Nation argues this approach is even better than a domestic gas reservation policy, which can be blunt and inefficient. We also reject proposals for a 25 per cent gas export tax, because this measure is purposely designed to kill the gas industry.
Alongside these structural changes, One Nation would cut “red, green and black tape” to speed up project development and set a target of deciding on projects within six months.
We would abolish net-zero policies and the Safeguard Mechanism, while also having government help fund gas exploration.
In taxation, the party would replace the failed Petroleum Resource Rent Tax (PRRT) for offshore gas with a simpler Commonwealth royalty based on wellhead values.
This new royalty system would apply only to future projects, with existing PRRT arrangements grandfathered.
Overall, One Nation's policy is designed to deliver greater returns to Australians, encourage oil and gas production, strengthen fuel security, lower power prices, reduce government debt and give Australians real ownership of our natural resources.
@AlboMP You’ve not lifted the young up, you’re STOMPED those who invested in their own future down.
You’ve removed the bottom rungs of the very system you used to get ahead.
You have destroyed the notion of owning and building wealth.
You sold out on Australians
I just want to say thanks to all the hard working men and women in our COAL and GAS industries.
You are the reason that we can keep oil coming to Australia because we can trade our bountiful coal and gas resources for the liquid gold we don't produce anymore because Labor, the Greens and the banks don't like oil.
Thank you 🙏
@AlboMP@fattydog420 A tiny country with no natural resources exports fuel to a huge nation rich in natural resources is exactly what’s very concerning.
America spent 300 million over a few days to rescue one guy while Australia has spent the same over decades to try lock up our own heroes like Ben Roberts-Smith.
The Prime Minister refuses to call a Royal Commission into the Bondi massacre because he knows it will uncover his own Government’s failures.
• Police have been underfunded.
• Counter terrorism has been told to focus on innocent Australians labelled as “right wing” while Islamic radical terror is ignored.
• And Federal Police have been instructed to monitor SAS troops falsely accused of fictitious war crimes.
Millions of new arrivals have been allowed into the country without checking whether they hold ideologies that are incompatible with the Australian way of life.
Just like the Prime Minister trying to run from a COVID Royal Commission, it’s all about what he wants to hide.
Get some guts and call out the real problem: Radical Islamic Terrorism.
I’m Gen Z, and Ben Shapiro resonates way more with me and my friends than the 800-year-old Tucker.
I’m not saying I agree with everything Ben says, but I know I disagree with everything Tucker has said, stood for, and spread over the past two years.
🇺🇸🇺🇸🇺🇸
We must have a Royal Commission into Australia’s deadliest terror attack at Bondi.
The terms of reference have to include an investigation into the character of people being let into this country.
It has to look at citizenship, immigration and compatibility with Australian culture.
Police, intelligence agencies and politicians must be held to account for their failure to stop terrorist chants and hate speech in public spaces and places of worship.
Any Royal Commission into the Bondi Attack that doesn’t do this will just be a coverup and waste of taxpayers money.
The real issues must be targeted with strong terms of reference.
The Prime Minister refuses to call a Royal Commission into Australia’s deadliest terror attack, who is Labor trying to protect?
He can tough it out & offer up as many arguments as he likes, but the decision by @AlboMP not to have a Royal Commission in favour of a “national review into national security” is the beginning of the end for him. He is fooling no one. We know it’s all about self-preservation. We can’t trust him. He is treating us with contempt & he is trading off our future welfare for his. Plain & simple. The man is despicable, weak. Unworthy of the office
Families demand a Royal Commission.
Prime Minister Albanese refuses.
Many believe he is scared about what a Royal Commission will show.
Pressure is mounting on him to do the right thing.
Do you think he will?
Wishing all our Christian sisters and brothers in Israel, the Middle East, and around the world a Merry Christmas and a Happy New Year from Jerusalem!
Ahead of the Christmas holiday, we visited our neighbors, the Franciscan Sisters, at the St. Antonio Convent in Jerusalem. We shared a prayer for peace and fraternity, and stood united against all forms of hatred and extremism.
I feel deep pride in Israel’s Christian communities, which are an integral part of our nation. The State of Israel will continue to protect the freedom of worship for people of all faiths and communities.
Merry Christmas and a Happy New Year!