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Greens pledge to tax the big corporations to fund world-class hospital system for WA

The Greens have pledged $1.14 billion in extra federal funding for WA chronically underfunded hospitals.

This investment would be funded by repairing the broken ‘resource super profits tax’ (the PRRT), forcing big corporations to pay royalties on the gas they currently access for free.

The Petroleum Resource Rent Tax (PRRT), introduced in 1987, is meant to ensure that the public gets a fair share of the unearned revenue (rent) enjoyed by companies by virtue of having exclusive access to Commonwealth resources. 

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