Price Floor On Alcohol In Australia

The northern territory government has introduced a minimum unit price for alcohol commonly referred to as the minimum floor price to minimise the harms associated with high alcohol low cost alcoholic beverages.

Price floor on alcohol in australia.

Although there is evidence to suggest that the imposition of a national floor price on alcohol could help to achieve the australian government s goals the mechanism raises a number of issues. A bill was introduced into the legislative assembly in may 2018 and passed on 22 august 2018. First the licensing of alcohol retailers in australia is the responsibility of the states and territories. In the 10 months between 1 october 2018 the date that the floor price and other measures were imposed by the nt government and 31 july 2019 there was a 26 decrease in alcohol related assaults in the territory.

This is known as floor price which is used to calculate the minimum cost at which a product can. A floor price is a minimum amount for which alcohol can be sold for example if the floor price is 1 a bottle of wine with eight standard drinks in it would be sold for 8 or more.