Price Floor On Alcohol In Australia

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

Price floor on alcohol in australia.

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