Craft breweries benefit from federal budget
Brewhouse Margaret River's Iliya Hastings, Ben Joseph and Andrew Dykstra. Photo: Nicky Lefebvre
Forrest MP Nola Marino with The Grove Distillery team. Image supplied.
South West craft brewers and distillers will see a small benefit from tax changes announced in the federal budget.
Current tax arrangements mean smaller brewers pay a high tax due to their use of smaller kegs.
The new policy, which will come in on July 1, 2019, will increase the amount beverage companies can claim back on their excise and extend the concessional draught beer excise rate to smaller kegs.
The alcohol excise refund scheme cap will increase from $30,000 a year to $100,000.
Brewhouse Margaret River co-owner and manager Iliya Hastings said any tax break was a positive for the industry.
“Given the amount of tax we do pay across board, businesses like ours are effectively paying five kinds of tax including the excise, a little help is always welcome,” he said.
However, Mr Hastings said it wouldnt make a huge difference to the tax bill.
“In terms of the bottom line, its a very small difference,” he said.
“I dont think having an excise tax really achieves much, it is just a tax on something that is a normal part of how we consume as society, so why choose to put a tax on craft beer compared to another product? It has always been something Ive been miffed by.
“Applying the same excise rate to 30 litre to 50 litre kegs makes sense, why pay more because you use a smaller keg? It eradicates one of the inconsistencies in the tax regime.”
Forrest MP Nola Marino said the policy would allow craft breweries and distilleries to compete on fairer terms with larger beverage companies.
“This will help over 15 local businesses to grow and employee more people,” she said.
Mr Hastings said he hoped to see further changes to benefit the industry.
“Given it is such a booming industry, with craft breweries popping up every few weeks in Australia even when it is under a fairly hideous tax regime, any help will always be welcome. This is a help. It is not a silver bullet. They make us work hard for every cent we earn,” he said.
“Our industry lobby pretty hard for us and will keep that up to continue to grow the industry, so we can employ more people and continue to do great things.”
WA Brewers Association president Dan Turley said the decision meant local breweries could continue to support and contribute to the community and they could continue to invest in and expand their businesses.
However, the association believed the decision to level the taxation on all kegs over eight litres would put added pressure on the local brewing industry.
“The reduced keg excise must be met with some caution, however, in that it may also potentially open the floodgates for cheaply produced imported beer packaged in smaller kegs, especially one-way disposable plastic kegs,” he said.
“We would urge all customers – wholesale and consumers of WA craft breweries, to continue to support locally made beer to ensure that this extremely important industry continues to flourish.”
The Australian Taxpayers Alliance commended the policy.
Australian Taxpayers Alliance director of policy Satya Marar said it was a common-sense reform and small, innovative Australian businesses would no longer be disadvantaged against their larger, multinational competitors.
“For years, the Australian Taxpayers Alliance has argued against Australias unfair, absurd and complicated alcohol tax regime,” he said.
“Australia is home to some of the worlds best, internationally-recognised beers, wines and spirits.
“Our craft breweries do it tough enough with exorbitant taxes on alcohol and some of the highest electricity prices in the developed world. The fair tax policy for craft beers supports our small businesses and entrepreneurs as well as thousands of quality jobs across regional and urban Australia.”
This story Craft breweries benefit from federal budget first appeared on Busselton-Dunsborough Mail.
Australian softball squad leaves for Tokyo Olympics, among first athletes to travel to Japan for Games
The Aussie Spirit, the Australian women’s softball team, will be among the first athletes to arrive in Japan for the Tokyo Olympics after leaving Sydney on Monday.
Australia resists calls for tougher climate targets
Australia’s Prime Minister Scott Morrison has resisted pressure to set more ambitious carbon emission targets while other major nations vowed deeper reductions to tackle climate change.
Addressing a global climate summit, Mr Morrison said Australia was on a path to net zero emissions.
But he stopped short of setting a timeline, saying the country would get there “as soon as possible”.
It came as the US, Canada and Japan set new commitments for steeper cuts.
US President Joe Biden, who chaired the virtual summit, pledged to cut carbon emissions by 50-52% below 2005 levels by the year 2030. This new target essentially doubles the previous US promise.
By contrast, Australia will stick with its existing pledge of cutting carbon emissions by 26%-28% below 2005 levels, by 2030. That’s in line with the Paris climate agreement, though Mr Morrison said Australia was on a pathway to net zero emissions.
“Our goal is to get there as soon as we possibly can, through technology that enables and transforms our industries, not taxes that eliminate them and the jobs and livelihoods they support and create,” he told the summit.
“Future generations… will thank us not for what we have promised, but what we deliver.”
Australia is one of the world’s biggest carbon emitters on a per capita basis. Mr Morrison, who has faced sustained criticism over climate policy, said action to reduce greenhouse gas emissions would focus on technology.
The prime minister said Australia is deploying renewable energy 10 times faster than the global average per person, and has the highest uptake of rooftop solar panels in the world.
Mr Morrison added Australia would invest $20bn ($15.4bn; 11.1bn) “to achieve ambitious goals that will bring the cost of clean hydrogen, green steel, energy storage and carbon capture to commercial parity”.
“You can always be sure that the commitments Australia makes to reduce greenhouse gas emissions are bankable.”
Australia has seen growing international pressure to step up its efforts to cut emissions and tackle global warming. The country has warmed on average by 1.4 degrees C since national records began in 1910, according to its science and weather agencies. That’s led to an increase in the number of extreme heat events, as well as increased fire danger days.
Ahead of the summit, President Biden’s team urged countries that have been slow to embrace action on climate change to raise their ambition. While many nations heeded the call, big emitters China and India also made no new commitments.
“Scientists tell us that this is the decisive decade – this is the decade we must make decisions that will avoid the worst consequences of the climate crisis,” President Biden said at the summit’s opening address.
Referring to America’s new carbon-cutting pledge, President Biden added: “The signs are unmistakable, the science is undeniable, and the cost of inaction keeps mounting.”
Read from source: https://www.bbc.com/news/world-australia-56854558
Sydney seaplane crash: Exhaust fumes affected pilot, report confirms
The pilot of a seaplane that crashed into an Australian river, killing all on board, had been left confused and disorientated by leaking exhaust fumes, investigators have confirmed.
The Canadian pilot and five members of a British family died in the crash north of Sydney in December 2017.
All were found to have higher than normal levels of carbon monoxide in their blood, a final report has found.
It recommended the mandatory fitting of gas detectors in all such planes.
British businessman Richard Cousins, 58, died alongside his 48-year-old fiancée, magazine editor Emma Bowden, her 11-year-old daughter Heather and his sons, Edward, 23, and William, 25, and pilot Gareth Morgan, 44. Mr Cousins was the chief executive of catering giant Compass.
The family had been on a sightseeing flight in the de Havilland DHC-2 Beaver plane when it nose-dived into the Hawkesbury River at Jerusalem Bay, about 50km (30 miles) from the city centre.
The final report by the Australian Transport Safety Bureau (ATSB) confirmed the findings of an interim report published in 2020.
It said pre-existing cracks in the exhaust collector ring were believed to have released exhaust gas into the engine bay. Holes left by missing bolts in a firewall then allowed the fumes to enter the cabin.
“As a result, the pilot would have almost certainly experienced effects such as confusion, visual disturbance and disorientation,” the report said.
“Consequently, it was likely that this significantly degraded the pilot’s ability to safely operate the aircraft.”
The ATSB recommended the Civil Aviation Safety Authority consider mandating the fitting of carbon monoxide detectors in piston-engine aircraft that carry passengers.
It previously issued safety advisory notices to owners and operators of such aircraft that they install detectors “with an active warning” to pilots”. Operators and maintainers of planes were also advised to carry out detailed inspections of exhaust systems and firewalls.
Read from source: https://www.bbc.com/news/world-australia-55862128
Australia2 years ago
Button and Diane Powellpark the school bus after three decades
Australia2 years ago
Button and Diane Powellpark the school bus after three decades
Tech12 months ago
Search engine startup asks users to be the customer, not the product
Europe6 months ago
Covid: Flights shut down as EU discusses UK virus threat
Health6 months ago
Spain ‘to register’ those who refuse to have Covid-19 vaccine
Europe5 months ago
Post-Brexit trade: Is red tape chaos just ‘teething trouble’ as the UK government argues?
Australia5 months ago
Covid: Brisbane to enter three-day lockdown over single infection
Arts3 years ago
How a chain-link mosque at the Vancouver Biennale became a community hub