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Senators seek Callaghan clarification

MICHAEL Callaghan, who determined that the Petroleum Resource Rent Tax does not need a radical overhaul despite revenues plunging and the rewards from major projects such as Gorgon being a decade off, will be asked to explain his conclusions to the Senate.

Haydn Black
Senators seek Callaghan clarification

The senior Treasury official has been asked by Labor senators to explain how he came to a conclusion that closely matches that of industry by suggesting only minor modifications to future developments...

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