Martin Ferguson confirmed several days ago that all projects that are operating outside the PRRT will fall under the RSPT
All projects under the PRRT have the option of going to the RSPT
The basic synopsis is that either way - you will get a profit based tax. But the outcome of the RSPT is still yet to be confirmed. The government is being told quite clearly where to stick their rebates - which is the principle reason why the super profit rate for the RSPT (longterm gov't bond rate - approx 6%)is lower than the PRRT.(longterm gov't bond rate PLUS 5%)
My hope is that the gov't will keep the transferability of the RSPT (which is a huge bonus) stick the rebates where sun doesn't shine and increase the return rate of the RSPT to the same as PRRT.
It also should be noted that the NWS (and other PRRT exempt areas) are subject to an excise that brings them closer to PRRT projects.
MEO Price at posting:
30.0¢ Sentiment: LT Buy Disclosure: Held
