Federal Member for Lyons and Parliamentary Friends of Australian Spirits co-chair Brian Mitchell has welcomed the federal government’s move to increase the rebate on spirits ahead of the upcoming budget.
The federal government today announced tax reform to increase the rebate on spirits to $350,000, bringing it on parity with wine.
Mr Mitchell has been a strong supporter of the Australian spirits industry and said this change would not have been possible without strong bipartisanship and lobbying.
“This $350,00 rebate is a gamechanger for Australian distillers,” Mr Mitchell said.
“It will allow more investment in the industry and enable many more people to be employed.
“This is an industry that has suffered quite dramatically from COVID. There was a 21 per cent decline in sales volume for bottled spirits and a decline of up to 80 per cent at the cellar door.
“There are more than 20 distilleries in my electorate alone and this tax reform will be a game-changer, allowing them to invest in innovation and boost their capabilities and competitiveness.”
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