The tax concession scheme specifically excludes ‘prospecting, exploring or drilling activities’ but the company claims new well is clearly for R&D
The federal government gave a $5m tax incentive to a Liberal-linked gas company exploring the Beetaloo Basin using a scheme that specifically prohibits “prospecting, exploring or drilling activities”.
The Morrison government’s award of a different grant to Empire Energy, a company hoping to frack in the Northern Territory, has been the subject of scrutiny through a Senate inquiry in recent months. Empire received $21m from a $50m grant program that forms part of its gas-led recovery.”