Former cabinet minister Ed Husic has vowed to keep the momentum going for a new tax on Australia’s gas exports, signaling that the push for a resource levy is far from over.
The announcement follows a town hall meeting in western Sydney where Husic and union leaders called for the government to capture greater value from the energy sector.
Husic stated that this gathering would not be the final word on the issue, indicating a coordinated effort to influence the party’s upcoming policy decisions.
The Australian Labor Party is set to formally adopt a clause into its policy platform at its national conference next week, which would give the party the green light to pursue such a tax.
This development adds a layer of regulatory risk for Australian energy companies, which have long argued that additional levies could deter investment in new liquefied natural gas (LNG) projects.
The potential tax has been a contentious issue within the party, with business groups warning it could undermine Australia’s competitiveness in the global energy market.