Darren McClafferty

May 9, 2023 | lexology.com | Henry Chen |Richard Karl Snowden |Greg Protektor |Darren McClafferty

The Government has announced major investments in renewable energy to help Australia meet emissions reduction commitments and in response to the physical impacts of climate change. Changes to the Petroleum Resources Rent Tax are intended to ensure Australians “receive a fairer return on the sale of our natural resources, sooner”. The Government has further announced funding of $3 billion in direct energy bill relief for households and businesses.