# Hancock Prospecting pays $2.3bn in taxes as Rinehart attacks government spending

- URL: https://talkfuse.com/story/gina-rinehart-blasts-the-albanese-government-for-wasting-taxpayer-money-on-woke-propaganda-as-hancock-prospecting-pays-a-record-2-3billion-in-taxes/
- Published: 2026-10-31T00:11:09+00:00
- Updated: 2026-10-31T00:22:19+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/news/article-16253921/gina-rinehart-albanese-government-woke-propaganda-taxpayer-funds.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Art, Culture, Government, Politics, World

## Key points

- Hancock made $2.8 billion in net profit.
- It paid $2.3 billion in state and federal taxes.
- Rinehart accused the government of wasting taxpayers’ money.

## Summary

Hancock Prospecting reported a net profit after tax of $2.8 billion for the year to 30 June and paid $2.3 billion in Commonwealth and state taxes. Its owner, Gina Rinehart, used the results to criticise the Albanese government, accusing it of wasting public money and arguing that rising government costs and regulation are harming Australians and business.

The company’s total assets reached $50.3 billion, while comprehensive income, including investment gains, rose to $5.2 billion from $3.5 billion. Hancock says it has paid $24.5 billion in federal and state taxes over the past decade. Rinehart also cited more than $715 million spent on federal office rent and criticised government subsidies, the ABC and diversity, equity and inclusion programmes; the company’s report also highlighted mining developments, joint ventures and charitable donations.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.