ato logo
Search Suggestion:

PRRT augmentation and gross domestic product factor rates

Augmentation and gross domestic product factor rates for petroleum resource rent tax (PRRT).

Last updated 11 September 2023

For information about the different classes of deductible expenditure and which uplift rates to use for each class of deductible expenditure, refer to PRRT deductible expenditure.

Table: Petroleum resource rent tax (PRRT) augmentation and gross domestic product (GDP) factor rates

Year

LTBR (see note)

LTBR + 5%

LTBR + 15%

GDP factor rate

2023

3.61

8.61

N/A

1.061

2022

2.11

7.11

N/A

1.069

2021

1.18

6.18

N/A

1.027

2020

1.03

6.03

N/A

1.019

2019

2.25

7.25

17.25

1.032

2018

2.70

7.70

17.70

1.017

2017

2.42

7.42

17.42

1.039

2016

2.61

7.61

17.61

0.997

2015

3.00

8.00

18.00

0.997

2014

3.98

8.98

18.98

1.015

2013

3.24

8.24

18.24

0.997

2012

4.01

9.01

19.01

1.016

2011

5.31

10.31

20.31

1.063

2010

5.50

10.50

20.50

1.013

2009

4.95

9.95

19.95

1.051

2008

6.18

11.18

21.18

1.042

2007

5.82

10.82

20.82

1.046

2006

5.40

10.40

20.40

1.050

2005

5.42

10.42

20.42

1.040

2004

5.68

10.68

20.68

1.035

2003

5.34

10.34

20.34

1.028

2002

5.88

10.88

20.88

1.026

2001

5.82

10.82

20.82

1.045

2000

6.51

11.51

21.51

1.017

1999

5.45

10.45

20.45

1.004

1998

5.98

10.98

20.98

1.018

1997

7.63

12.63

22.63

1.015

1996

8.67

13.67

23.67

1.029

1995

9.85

14.85

24.85

1.021

1994

7.39

12.39

22.39

1.015

1993

8.35

13.35

23.35

1.010

1992

9.87

14.87

24.87

1.014

1991

12.11

17.11

27.11

1.030

1990

13.31

28.31

28.31

1.058

1989

12.86

27.86

27.86

1.093

1988

12.55

27.55

27.55

1.084

1987

13.57

28.57

28.57

1.083

1986

13.65

28.65

28.65

1.068

1985

13.41

28.41

28.41

1.065

1984

12.72

27.72

27.72

1.071

1983

14.43

29.43

29.43

1.111

1982

15.48

30.48

30.48

1.103

1981

12.58

27.58

27.58

1.108

1980

10.66

25.66

25.66

1.104

Note: The GDP factor rate is based on the annual change to the gross domestic product (GDP) implicit price deflator index as first published by the Australian Bureau of Statistics (ABS).

This ABS publication 5206.0 – Australian National Accounts: National Income, Expenditure and ProductExternal Link is updated quarterly.

For additional legislative information on the GDP factor rate calculation methodology and/or augmented bond rate, see the Petroleum Resource Rent Tax Assessment Act 1987:

QC56567