
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