Australia’s top business group says it will support a well-designed gas reservation plan, but Labor needs to rule out any future taxes on the sector.

A country serious about industrial policy cannot be casual about competitive steelmaking, and central to that is the price of gas.

In a yet-to-be-released submission to federal reservation rules obtained by this masthead, the east coast’s biggest gas producer broke ranks with industry voices.

Australia’s top business group says it will support a well-designed gas reservation plan, but Labor needs to rule out any future taxes on the sector.