Given that the majority of PEP 11 is located within Commonwealth waters, any gas recovered from PEP 11 will most likely be taxed under the Commonwealth Petroleum Resource Rent Tax. [4.5]
Same as Bass strait, the commonwealth has made squillions out of it so has the company’s involved this is win win for Australia and CCS is the cream on top for Pep11, let’s just approve this now and get on with it$$$$$
Given that the majority of PEP 11 is located within Commonwealth...
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