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Ken Henry Pushes 25% Gas Export Tax, Industry Warns Shutdown

4/23/2026

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Summary

Story summary

Former Treasury secretary Ken Henry urged the Senate to impose an immediate gas export tax as a national-interest measure.
The Australia Institute proposed a 25% export tax that could raise $17 billion a year and cut gas prices.
Opposition Leader Angus Taylor warned tax would shut down the gas industry and jeopardise fuel security.
Gas companies said they paid $21.9 billion in taxes last year and that cancelled projects would forfeit revenue.

History

Historical Context

The 1973 Oil Embargo exposed Australia's reliance on global oil markets, prompting significant energy policy shifts. In response, the Australia Institute's proposed 25% gas export tax could generate $17 billion annually, echoing past efforts to stabilize domestic energy prices. Ken Henry's call for action highlights ongoing debates about balancing national interests with industry viability, reminiscent of the energy crises of the 1970s.

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Story summary

Former Treasury secretary Ken Henry urged the Senate to impose an immediate gas export tax as a national-interest measure.
The Australia Institute proposed a 25% export tax that could raise $17 billion a year and cut gas prices.
Opposition Leader Angus Taylor warned tax would shut down the gas industry and jeopardise fuel security.
Gas companies said they paid $21.9 billion in taxes last year and that cancelled projects would forfeit revenue.

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