The Morrison Government is inviting input from businesses and individuals on how to streamline excise (and excise-equivalent customs duty) administration for fuel, beer and spirits.
Initially the Government’s Deregulation Taskforce sat down with over 40 businesses and industry leaders to gain a ‘factory floor’ perspective of their day-to-day operations. This pinpointed common concerns and time consuming and complicated regulatory requirements.
The Deregulation Taskforce has now identified a number of potential opportunities to improve the excise and excise-equivalent customs duty system, through both administrative and legislative reforms.
These are outlined in a consultation paper being released today. This consultation paper and instructions on how to make a submission is available here. Submissions close on 31 August 2021.
This work is aimed at cutting regulatory overheads for business, supporting new investments in our fuel security and world-leading beverage manufacturing sector. It will also enable the Australian Taxation Office (ATO) and the Australian Border Force (ABF) to focus on higher-value and higher-risk enforcement activities.
The Government is committed to cutting red tape and making it easier to do business.
Separately, the Government’s 2021-22 Budget tripled the excise refund cap for small brewers and distillers from $100,000 to $350,000 per year – also supporting jobs and investment in these sectors.
For more information on the Government’s Deregulation Agenda visit Progressing Australia's Deregulation Agenda | Deregulation (pmc.gov.au).