On 30 March 2026, the Senate resolved that the Select Committee on the Taxation of Gas Resources be established.

Committee: Taxation of Gas Resources
Submissions close:TBC
Reporting date: 7 May 2026

Terms of Reference

That a select committee, to be known as the Select Committee on the Taxation of Gas Resources, be established to inquire into and report on:

1. the tax treatment of Australian oil and gas resources, including any proposals for changes to the tax treatment of gas production and export;
2. the expected outlook for gas and oil prices in response to the conflict in the Middle East, including the impact on Australia, Australia’s regional trading partners and the Pacific;
3. the impact of this outlook on the profitability of Australian liquefied natural gas exporters and on the stability and reliability of global energy markets;
4. the impact of this outlook on households, businesses and government revenue;
5. alternative tax arrangements for oil and gas production and export that other countries have put in place, and the revenue implications if those arrangements were adopted in Australia;
6. how any additional revenue generated could be used to provide cost of living relief for households and businesses and reduce our dependence on imported fuel;
7. any other related matters.

That the committee present its final report by 7 May 2026.