Question Time AU

General Debate

Taxation: Resources Industry, Housing, Banking and Financial Services

House of Representatives · Tuesday 4 February 2025

Official Hansard for this day (APH) · Read this debate on OpenAustralia

At a glance

Max Chandler-Mather criticised the federal government for allowing multinational gas corporations to pay minimal or no tax while ordinary Australians face high living costs. The member highlighted disparities in gas royalty collections compared to international standards and argued that current housing policies favour investors over renters and first-home buyers. Chandler-Mather also recounted instances where government agreements with the Greens were reversed following pressure from the banking industry. The speech called for increased resource taxation, rent caps, and stronger penalties for corporate misconduct.

Summary in reported speech - not a transcript. AI-generated, so check the official record before quoting.

How the debate unfolded

Opened the debate

Chandler-Mather argued that multinational gas corporations such as Santos and Chevron paid zero royalties on a significant portion of exported gas despite generating billions in revenue. The member contrasted Australia's low tax collection with higher rates in Qatar and Norway, suggesting that increased royalties could raise substantial revenue for public services. Chandler-Mather contended that housing policies, including negative gearing and capital gains tax discounts, disproportionately benefit investors while rents surge and home prices become unaffordable for median earners. The member advocated for rent caps and increased public housing construction, citing successful models in Spain and France. Additionally, Chandler-Mather claimed that the government had reneged on agreements to impose fines on bankers after lobbying by the Australian Banking Association.