Matt Kirkman

@MarkPirotta @RennickGBR Rather not as a tax payer risk anything. 30% at no risk is a bloody great investment. And the tax generation from the 95% Australian workers. Its even better.

You missed the portion where there will be an added 10% royalty added as well. This includes your addition. The 30% exploration “rebate” is good for incentivising exploration and the 30% equity stake on successful programs is a long term investment strategy. They should grandfather all current projects to capitalise on the PRRT. However, outside of the risk factor, this is a much better strategy for long term national profit building than another tax on profits. It makes the nation a part of the process while incentivising businesses to streamline their processes to maximise profits. The One Nation Policy is simply better on all fronts except Risk Ratio.

The taxation regime of gas and oil exploration in this country is not understood which has led to an enormous amount of misinformation. Here are the facts: 1. Oil and gas companies pay 30 cents tax on their profits just like every other company in Australia. That means that Australians already have 30% ownership. 2. Oil and gas companies pay a super profit tax on their profits known as the Petroleum Resource Rent Tax. The PRRT has collected very little revenue to date for two reasons a) there has been an enormous amount of capital invested in getting these projects up resulting in large depreciation offsets and b) the gas was foolishly sold forward at very cheap prices when the projects were given the go ahead. A lot of these contracts will roll off over the next decade resulting in larger profits and a larger tax for taxpayers. 3. 70-80% of gas and oil exploration in Australia is unsuccessful. Offshore gas exploration is not a multi million dollar business- it’s a multi billion dollar business. The idea that taxpayers should fund 30% of offshore oil and gas exploration is absurd. The last person to come up with that idea was Gough Whitlam. Needless to say no banks would lend against such a proposition. Peoplefirstparty.au has always had a policy to abolish the PRRT and replace it with a 5-10% royalty on Sales. Combined with the 30% company tax that will guarantee that Australians share in over 40% of the profits of any offshore oil and gas project. That’s an excellent return given taxpayers incur no risk. I’ve done up a table in comments showing the share Australians will receive based on operating profit margin before tax. David Pocock, the Greens and One Nation are all wrong on this. The formers 25% export tax will wipe out most of the profits made eliminating the incentive to further explore for gas. One Nation offering to fund 30% of exploration costs for mostly foreign owned companies will expose taxpayers to billions of dollars in subsidies with no guarantee of return. Australia desperately needs sensible economic reform. Unfortunately none of the parties in Canberra have a clue how to make this happen.

@sparkes_dwayne @RennickGBR Point is they paid tax. At no risk of losses to the tax payer. End Point risk to reward is on the company's taking that risk. Tax payers shouldn't foot the bill.

This is too broad. Not all gas exploration is some multibillion dollar offshore roulette wheel. Look at MinRes in the Perth Basin with thier Lockyer Gas project. A handful of targeted onshore conventional wells into the Kingia Sandstone generated billions (asset later sold to Hancock for 1.1Bill who in turn will generate many billions of profit). Its nonsensical to say taxpayers should blindly fund 30% of every offshore wildcat hole. But pretending all gas exploration looks like expensive offshore ignores examples like MinRes, where modest onshore exploration generated enormous value. Australians need to take more calculated risks imo and given the amount of money our mining/resources sector generates, a good portion of that should go back into exploration risk. If we want to keep reaping the rewards of mining, we can't keep expecting others to take the risk for us. Afterall, Australia was built from risk, people travelling 1000's of miles in the hopes of finding a bit of gold. Australia should be funding well selected exploration projects and basking in the rewards when it succeeds.

@LeonardBriscoe3 You are the problem. Stupidity is acceptable spending money on Stupidity just breeds more stupid. Educating Stupidity instead of giving it money is just supporting non thinking stupid people like you who think money is the answer.

There are over 7 billion people in the world, if he gave everyone a billion dollars he would still have 343 billion left and world poverty would end. Let that sink in. x.com/wyomelo/status…

@TruthFairy131 Keep saying it out loud Lozzy.

Test: Please like or comment if you can see this post? My account has been nuked 🤦🏼‍♀️ So much for ‘Free Speech’

Real facebook.com/share/1EpXMXnD…

@GemmaNoiosi @AlboMP It is pure gold. If it wasn't an absolute truth it'd be hilarious but sadly it's the truth of trying to do business under a weak self preserving government. With no respect or a single care for its business owners the true backbone of our country. Weak as piss and blatant lies

This is the BEST troll of @AlboMP ever 🔥 Business owners posting about their “silent business partner” who takes 47% of their profits… and doesn’t have to lift a finger! A perfect protest against Labor’s capital gains tax grab. Taxation is theft. Libertarians will never vote for tax hikes - they all hurt families and businesses. @LibertariansNSW

@DrCraigEmerson @freezer61 Well they can temporarily fuk off until they offer value instead of hardship for Australian citizens

@freezer61 No. Temporary migrants.

Rounding up migrants such as university students, nurses and aged care workers living in Australia during a housing downturn is a disgrace. What has the Liberal Party become? thenewdaily.com.au/opinion/2026/0…

Come on people. Be smarter

🚨 $654.3 million over 4 years for a ‘voluntary’ Digital ID scheme? Labor just jacked it up from $288 million despite repeatedly promising it would be voluntary and you can choose every single time. $654 million for something we’re free to ignore? Sure thing. To hear more from me and stay up to date, signup to my email newsletter here: alexantic.com.au/join

The budget failed to deliver significant income tax cuts to offset bracket creep that is devasting family budgets as a result of high inflation. For someone on a wage of $80,000, 4% inflation reduces purchasing power by $3,200 each year. The best Chalmers can do to help hard working Australians, is to offer a measly $275 temporary tax offset. The minimum CGT tax rate of 30% is wrong. Capital gains like any income should be taxed at the marginal rate. Low income earners are going to be hit hard by this measure. I could live with removing the CGT discount provided the extra tax revenue from that measure had been used to offset income tax rather than remove negative gearing. Negative gearing is more effective when income tax rates are high. If tax rates were lowered, then negative gearing would be become a more much ineffective tax strategy.   Personally I’ve never been a fan of negative gearing, because you have to spend a $1 to get 47 cents back which leaves you 53 cents worse off in today’s money. There is no substitute for cutting income tax if you want to maintain a strong economy. Immigration is forecast to be 2 million over the next two terms of Parliament which is still too high.  Yet again if Labor wants to improve housing affordability, why won’t they lower immigration? Debt levels are forecast to continue to increase which reflects on Labor’s inability to control government spending. People First will cut spending, cut immigration and cut taxes. See how at: vist.ly/53yv4

Why found a startup in Australia when Singapore and NZ have zero % CGT?

@goodfoodgal Third world problems being imported at our expense and our environment's detriment. Grubs

His answer? What? What?

Ridiculous and needs to stop

@KobieThatcher Best way to stop dickheads is to ignore them.

Only a handful of union members have turned up to an anti-Trump rally across the road from the US Consulate in North Sydney. Along with calls to "Stop Trump", one speaker also demanded an end to oil. They packed up and left after 30 mins when they realised no one was listening.

@JohnRuddick2 @MineralsCouncil Its a great start. Thank you

Thank you Minerals Council of Australia for your advocacy in support of lifting the uranium mining ban. @MineralsCouncil

@TonySheldonNSW Prove it???

NEWS: We’re keeping 20% of our gas here to make prices more affordable for Australian families.

Vote 1 Smart for Stafford. Your Independent: lets reduce power bills, expand the Prince Charles Hospital, and make queensland jobs at the same time. Hear how here: 👇

Australia is in desperate need of economic reform. Poll after poll shows that cost of living, housing and immigration are the issues that Australians are concerned about the most. Australians need a party that has a substantive policy platform and the knowledge to implement these policies. People First has the solutions for today and the vision for tomorrow. These include: • lifting the tax free threshold to $45,000 • paying childcare directly to parents • allowing workers to keep their superannuation • Lower immigration All of these policies will provide immediate cost of living relief and make it easier to own your home. Our vision for tomorrow includes: • An infrastructure bank to fund the construction of Infrastructure • Expanding the military apprenticeship scheme so our children have the skills to build and run Infrastructure and Manufacturing • Higher taxes on profits sent offshore Check out our policies at: Peoplefirstparty.au/policies

@MurrayWatt Don't complain when young adults don't get hired and older experience gets preference. Gotta start at the bottom sometimes to appreciate the growth towards the top.

18-21 year olds don’t get discounted bills, why should their wages be discounted too? That’s why Labor’s delivering a pay rise for workers on junior wages.