keep Excise Regulations (Amendment)
Amendment to Excise Regulations governing administration of excise duties on alcohol, tobacco, petroleum, and other excisable goods in Australia. Establishes compliance requirements, licensing procedures, record-keeping obligations, and enforcement mechanisms for excise manufacturers and licensees.
While excise taxes themselves represent government intervention in the market, the administrative framework provided by these regulations serves a narrower legitimate function: preventing fraud and ensuring duty collection. Deletion would create uncertainty in enforcement, invite widespread non-compliance, and potentially cost the budget more in lost revenue than compliance costs saved. Australians would be worse off through increased black market activity and revenue loss that would either require replacement taxation or reduced public services. However, this instrument warrants review for any provisions that go beyond basic administration into unnecessary licensing barriers or compliance delays.