CRAFT brewery owners in the North East have welcomed financial relief in the 2018/19 federal budget that will help smaller scale brewing businesses thrive.
The budget has made provisions to increase the alcohol excise refund scheme cap to $100,000 from July 1, up from $30,000.
Cathy McGowan (MHR, Indi) said Bridge Road Brewery, King River Brewing, Black Dog Brewing, Malt Shed Brewery and Sweetwater Brewing Company will all benefit.
“Extending the concessional draught beer excise rates to eight litre or greater kegs will allow craft brewers, which typically use smaller kegs, to benefit from the lower rates,” Ms McGowan said.
“The higher cap of $100,000 will provide further support to domestic brewers, distillers and producers of other fermented beverages including non-traditional cider and gin.”