Australian Prime Minister Anthony Albanese has affirmed his government's decision against implementing a new gas export tax on existing contracts, concurrently defending the current petroleum resource rent tax (PPRT) framework. This stance has elicited commentary from Independent MP Zali Steggall, who suggested it prompts inquiries into the government's priorities, while proponents of a new levy contend the PPRT is inadequate in generating sufficient revenue. On economic matters, Treasurer Chalmers cited high oil prices as a contributing factor to inflation. Concurrently, New South Wales police have filed charges against a second individual in connection with an inquiry into alleged offensive behavior observed on a Bondi Beach footbridge.
Source: https://www.theguardian.com/australia-news/live/2026/apr/29/australia-news-live-aukus-king-charles-one-nation-budget-cost-of-living-inflation-consumer-price-index-jim-chalmers-anthony-albanese-angus-taylor-ntwnfb
