Country Profile: Australia

Tax to GDP ratio: 29.4%

Aviation: Yes – tax in place

The Passenger Movement Charge (PMC): AUD 70 per passenger for international flights

Excise duty on jet fuel: 0.035 56 AUD per litre

Source: European Commission: CE Delft and Directorate-General for Mobility and Transport, Taxes in the field of aviation and their impact – Final report, Publications Office, 2019

Financial Transactions Tax (FTT): No information available

Oil & Gas Revenues:

  • Total government revenue from oil & gas in 2022: $16.4 billion
  • Share of oil & gas activity covered: 54%

Source: PBPR

These figures represents an aggregate of fossil fuel revenues collected through various fiscal instruments, including royalties, taxes, and production entitlements.

Carbon Pricing: Yes – carbon pricing instrument in place

  • Instruments: National ETS, National ETS
  • Emissions covered: 26%
  • Price: A$33.75 (US$21.90)
  • Revenue: Data not available
  • Sectors covered: Electricity and heat, Industry, Mining and extractives, Transport, Aviation, Waste, Electricity and heat, Industry, Mining and extractives, Transport, Aviation
  • Offsetting: Not permitted

Source

swSwahili