Total petroleum resource rent tax payable

There are 11 entities in the 2018–19 PRRT transparency population, with total PRRT payable of $1.06 billion. The number of entities paying PRRT increased from nine in the previous year, and PRRT payable decreased from $1.16 billion.

The decrease in PRRT payable reflects the decreased profitability of PRRT-liable companies in 2018–19; oil prices were a key driver (World Bank Commodity Price Data – The Pink SheetExternal Link).