Australia: Australia Spirits Excise Duty Rates to Increase
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According to Australian law, the excise duty rates levied on alcohol are subject to biannual indexation, with adjustments made in accordance with the upward trajectory of the Consumer Price Index (CPI). The indexation occurs on February 1 and August 1 each year. The Australian distilling industry is urging a two-year freeze on excise indexation for spirits and a comprehensive review of excise policies to encourage further industry investment.