The annual adjustment to the excise and excise-equivalent duty rates on alcoholic beverages will take place on 1 July 2018.
The annual adjustment is based on movements in the Consumer Price Index less credit services subgroup over the 12-month period up to 31 March 2018.
The new rates are those set out in the Excise and Excise-equivalent Duties Table (Alcoholic Beverages Indexation) Amendment Order 2018.
The rates are summarised as:
Current excise rate to 30 June 2018
New excise rate (GST excl) from 1 July 2018
|43.573 cents per litre of beverage||44.140 cents per litre of beverage|
|$29.054 per litre of alcohol||$29.432 per litre of alcohol|
|$2.3243 per litre of beverage||$2.3545 per litre of beverage|
|$2.9054 per litre of beverage||$2.9432 per litre of beverage|
|$52.916 per litre of alcohol||$53.605 per litre of alcohol|
Alcohol products removed from a licensed manufacturing area or imported after midnight on 30 June 2018 will be subject to the new rates.