One Nation leader Pauline Hanson has proposed a gas policy modelled on Norway's sovereign wealth fund approach, including a 30% government equity stake in oil and gas production and a sovereign wealth fund for reinvestment. However, unlike Norway, which charges a 78% effective tax rate on oil and gas profits, One Nation proposes only a 10% royalty and opposes higher taxation, making the policy significantly different from the Norwegian model it claims to emulate.
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One Nation leader Pauline Hanson has proposed a gas policy modelled on Norway's sovereign wealth fund approach, including a 30% government equity stake in oil and gas production and a sovereign wealth fund for reinvestment. However, unlike Norway, which charges a 78% effective tax rate on oil and gas profits, One Nation proposes only a 10% royalty and opposes higher taxation, making the policy significantly different from the Norwegian model it claims to emulate.