One Nation mulls turning Australia into Norway
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Some leaks about One Nation policy today make for good reading.
The leak suggests ON should support a unique investment vehicle that would acquire equity from production and use that money for long-term financial gains.
Further, “abolishing the current petroleum resource rent tax and replacing it with a royalty levied on the wellhead value of oil and gas extracted in Australia, ensuring stable, predictable revenues for the Australian people from every oil and gas project regardless of export or domestic use.”
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.