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

Date referred: 30 March 2026
Submissions close: 13 April 2026
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.

The committee has called for submissions closing on the 13 April 2026. Given the timeframe for this inquiry, the committee would appreciate submissions to be kept as brief as possible, ideally around 5-6 pages. The committee may ask submitters to provide further evidence at public hearings.