Lyne MP Rob Oakeshott said today’s federal budget is good news for Australian craft beer manufacturers who, unlike small wineries, don’t get a significant rebate of the excise on sales they must collect on behalf of the federal government.
Last night’s Federal Budget delivered some surprise excise benefits for small brewers. The Australian Government announced it will extend the current microbreweries excise refund scheme by increasing the maximum refund amount from $10,000 to $30,000 and removing the current production eligibility threshold of 30,000 litres of beer, with effect from 1 July 2012. The amendments… Read more →
Independent Federal MP Rob Oakeshott has recently raised the issue of excise relief for microbrewers on the floor of Federal Parliament. Below is the media release from Mr Oakeshott and his speech, taken from Hansard. If you agree with Mr Oakeshott’s comments and support support for excise relief, you might want to download the attached .pdf versions of… Read more →
Apart from the rate of excise applied to craft beer, the mechanics of payment is a major issue for smaller brewers. Treasury is currently considering amending the excise settlement period and businesses are invited to make submissions on the changes by 4 November 2011. Treasury Release Treasury has released for public consultation, exposure draft legislation… Read more →
Another microbrewer adds their voice to Neil Cameron’s Economics of Microbrewing article featuring their own breakdown of costs…
Sometimes you have to feel sorry for the Government. On the one hand they are constantly criticised for making laws that are cumbersome, unwieldy, hard to enforce and costly for business to comply with. But on the other hand, no sooner is a law passed and no matter how plain the spirit and intention of… Read more →