Government acts to increase tax on tobacco

THE Abbott Government officially moved to increase the tax on tobacco today, introducing new laws to enact excise rises on cigarettes.

While the taxes have already gone up, the legislation introduced in the House will enshrine continued prices rises for all tobacco products sold in Australia.

The legislation was one of more than 90 different acts left hanging after last year's federal election, which Treasurer Joe Hockey is putting in place to bolster the budget.

It will officially put in place four rises in the tobacco excise each year in September until 2016, with the first already in place since December last year.

The laws, once passed, will also attached future rises in tobacco taxes to average weekly earnings data, rather than the consumer price index.

That measure will mean cigarette prices will go up twice a year from now on, instead of once every 12 months.


The absolute joy of sharing your garden

The absolute joy of sharing your garden

ENJOYING the trees and plants from someone else’s garden while out in your own is...

How you can deliver Christmas joy to families in need

premium_icon How you can deliver Christmas joy to families in need

There’s still time to bring some hope and joy to a struggling family by getting...

DROUGHT RELIEF: Council calls for dam wall to be raised

premium_icon DROUGHT RELIEF: Council calls for dam wall to be raised

Calls for government to urgently commit to raising dam wall