Summary
Amendment to Excise Regulations 1913, relating to taxation and compliance requirements for excisable goods (alcohol, tobacco, petroleum). Likely covers licensing, record-keeping, payment mechanisms, and enforcement provisions for businesses manufacturing or dealing in excisable goods.
Reason
Excise regulations are fundamentally revenue-collection mechanisms that impose substantial compliance costs on Australian businesses—particularly in manufacturing and resources—without providing the countervailing social benefits that might justify regulatory intervention. The 1913 baseline reflects an archaic framework unsuited to modern commerce, and amendments such as this layer additional compliance burden without demonstrating net benefit. Removal would reduce business costs, decrease administrative complexity, and eliminate provisions that serve government revenue collection rather than health, safety, or environmental objectives. Australians are worse off under this instrument due to compliance costs, distorted incentives, and barriers to competitive market participation in excisable goods sectors.