https://www.news.com.au/national/breaking-news/gas-oil-tax-change...

https://www.news.com.au/national/breaking-news/gas-oil-tax-changes-to-rake-in-6b-more/news-story/717b75d94d5aad244d150cc42758c0db

Whilst I have not read the full text of the proposed changes, I note news organizations were quoting;

"Higher taxes on big companies who dig up Australia's oil and gas will rake in an extra $6 billion over the next decade.

Changes to the law will stop companies taking losses on unprofitable gas exploration and using them to reduce taxes on highly profitable operations.

"The new uplift rates and removal of onshore projects are expected to raise $6 billion over the next decade, to 2028-29," Mr Frydenberg said.

Under the changes, limits will be placed on excessive compounding of deductions for exploration.

Onshore projects will also be removed from the PRRT, despite only being brought into the scheme in 2012.

No revenue from onshore projects has been collected since 2012 and instead companies have used them to claim deductions against much more profitable offshore operations."

3 points I found interesting:

1. We are not part of the Big companies,

2. We are Not profitable yet, 

3. We do not have Onshore projects.

Any way, good points to discuss when the proposed bill is revealed.