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  • PRRT augmentation and gross domestic product factor rates

    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

    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:

    Last modified: 04 Oct 2022QC 56567