The proposal has two components that would have effect from 1 July 2023.

Component 1

Replace the existing petroleum resource rent tax (PRRT) method of uplifting excess expenditure to future years that relates to PRRT projects with the following method.

This proposal would introduce permits on exporting thermal coal, with a yearly cap of total permits
available for purchase. Coal exporters would pay for permits to export thermal coal each year. The
yearly export cap amount and the amount charged for the thermal coal export permits are as follows.

This proposal would introduce permits on exporting thermal coal, with a yearly cap of total permits
available for purchase. Coal exporters would pay for permits to export thermal coal each year. The
yearly export cap amount and the amount charged for the thermal coal export permits are as follows.

This proposal would introduce permits on exporting thermal coal, with a yearly cap of total permits
available for purchase. Coal exporters would pay for permits to export thermal coal each year. The
yearly export cap amount and the amount charged for the thermal coal export permits are as follows.

This proposal would return to the Commonwealth Government all uncommitted funding, as at 1 July 2019, from the $443.4 million grant provided to the Great Barrier Reef Foundation (the Foundation) in 2017‐18.  Funds would be returned in 2019‐20 and would include interest earned on the grant.  The funds would be spent on the Reef evenly over five years starting in 2019‐20.  Advice would be sought from the Department of the Environment and Energy about how to allocate the funds to government agencies and other organisations.

This proposal would return to the Commonwealth Government all uncommitted funding, as at 1 July 2019, from the $443.4 million grant provided to the Great Barrier Reef Foundation (the Foundation) in 2017‐18.  Funds would be returned in 2019‐20 and would include interest earned on the grant.  The funds would be spent on the Reef evenly over five years starting in 2019‐20.  Advice would be sought from the Department of the Environment and Energy about how to allocate the funds to government agencies and other organisations.

This proposal would return to the Commonwealth Government all uncommitted funding, as at 1 July 2019, from the $443.4 million grant provided to the Great Barrier Reef Foundation (the Foundation) in 2017‐18.  Funds would be returned in 2019‐20 and would include interest earned on the grant.  The funds would be spent on the Reef evenly over five years starting in 2019‐20.  Advice would be sought from the Department of the Environment and Energy about how to allocate the funds to government agencies and other organisations.

This proposal would return to the Commonwealth Government all uncommitted funding, as at 1 July 2019, from the $443.4 million grant provided to the Great Barrier Reef Foundation (the Foundation) in 2017‐18.  Funds would be returned in 2019‐20 and would include interest earned on the grant.  The funds would be spent on the Reef evenly over five years starting in 2019‐20.  Advice would be sought from the Department of the Environment and Energy about how to allocate the funds to government agencies and other organisations.

The proposal would abolish the Hells Gates Dam, Urannah Dam and Emu Swamp Dam and Pipeline projects, and reinstate the National Water Grid Advisory Body from 1 July 2022.

All uncommitted funding would be returned to the Consolidated Revenue Fund.

The proposal would abolish the Hells Gates Dam, Urannah Dam and Emu Swamp Dam and Pipeline projects, and reinstate the National Water Grid Advisory Body from 1 July 2022.

All uncommitted funding would be returned to the Consolidated Revenue Fund.