Summary
Amendment to the Excise Regulations 1913, which govern the administration and collection of excise duties on alcohol, tobacco, petroleum, and other excisable goods produced in Australia. The instrument prescribes registration requirements, record-keeping obligations, return filing procedures, payment mechanisms, and compliance enforcement provisions for entities engaged in excisable activities.
Reason
Excise regulations represent a cost layer on Australia's most trade-exposed industries—mining, energy, and agriculture—with compliance costs ultimately embedded in consumer prices. These amendments to 1913-era regulations perpetuate a distortionary tax structure that suppresses capital formation and creates perverse incentives around production location. While the underlying excise taxes may remain, the regulatory apparatus governing their collection adds billions in compliance burden across thousands of businesses, with benefits accruing primarily to Treasury's administrative convenience rather than national welfare. The compliance maze for excisable goods disproportionately affects smaller producers who lack dedicated tax departments, creating barriers to entry that benefit established incumbents.