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. The 220 recommendations included a floor price for all alcohol products at a 1 50 per standard drink. 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.

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From october 1 2018 one standard drink in the northern territory will cost a minimum of a 1 30.

Price floor on alcohol in australia.

The minimum per unit price across the country has been set at between approximately 1 48 and 1 72 according to the foundation for alcohol research and education. A bill was introduced into the legislative assembly in may 2018 and passed on 22 august 2018. 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. 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.

This is known as floor price which is used to calculate the minimum cost at which a product can. First the licensing of alcohol retailers in australia is the responsibility of the states and territories.

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