Press Releases
NEW LAWS TO REGULATE VAPES LIKE TOBACCO ESTIMATED TO DELIVER OVER $9 BILLION REVENUE
A new report by Tulipwood Economics, commissioned by the Australian Association of ConvenienceStores, has found that strictly regulating and taxing vaping products in the same way as tobacco coulddeliver over $9.1 billion in revenue over the forward estimates (2024-25 to 2027-28). The report’s central case scenario policy costing finds a $1.50 per mL excise duty indexed annually at the nominal wage rate applied to regulated nicotine vaping products sold to adults by licensed retailerswould raise nearly $6 billion in excise revenue and over $3 billion in GST revenue. Key Findings (Under Central Scenario of -0.5 Price Elasticity of Demand): Considering a volume-based excise rate of $1.50 is equivalent to a value tax of 17.1%, this centralscenario strikes the right balance by strictly regulating and taxing vapes without incentivizing the blackmarket, enabling the government to control the market to stop youth access, AACS CEO Theo Foukkaresaid. “As stated in the report,…
Read MoreNEW REDBRIDGE RESEARCH REVEALS FINANCIALLY STRESSED AUSTRALIANS WILL HURT THE MOST FROM LABOR’S VAPE BAN
The Australian Association of Convenience (AACS) has publicly released the most comprehensive survey report into Australian voter attitudes towards regulating nicotine vaping products. The results from the RedBridge Group survey commissioned by AACS in February reveal a damning assessment of the Albanese Government’s policy failure to regulate vaping products effectively. Key Findings: With 74 per cent of voters agreeing that treating nicotine vapes as a medicine sends the wrong signal to the community, these results serve as a stark warning for the Albanese Government that their impending vaping legislation is deeply unpopular with voters and extremely out of touch with community expectations, AACS CEO Theo Foukkare said. “As Australians battle against a cost-of-living crisis, Health Minister Mark Butler’s laws will cruelly hit the 13 per cent of adults – who are under the most financial stress with a tripling of costs when they are forced to pay $150 for a…
Read MoreNEW RESEARCH REVEALS DUNKLEY VOTERS WANT ACTION ON BLACK MARKET VAPING CRISIS
New research reveals Dunkley voters want action on Black Market Vaping Crisis. A new survey commissioned by the Australian Association of Convenience Stores (AACS) has revealed Dunkley voters overwhelmingly want vaping products to be strictly regulated in the same way as alcohol and tobacco – and they’ll base their vote on it. The survey of 601 Dunkley voters conducted from February 9 -12 found: Summary results are available on the next page. An open invitation is provided to all Dunkleycandidates to receive a briefing from AACS on the full survey results. Theo Foukkare is available for interview on 0423 003 133
Read MoreSERVOS CALL FOR GOVERNMENT HELP TO POWER EV PUSH, KEEP JOBS
Small service station owners have renewed calls for the Federal Government to help them pay for the installation of fast chargers for electric vehicles (EV), as part of Energy Minister Chris Bowen’s plan to encourage more Australian motorists to buy an EV. Australian Association of Convenience Stores (AACS) CEO Theo Foukkare said thousands of ‘Mum and Dad’ businesses want to install fast chargers, however most do not have the financial means to do so. “Our members want to get on board with this, but most don’t have access to half a million dollars to upgrade their electrical grids – and they need to do that to install fast chargers for EVs,” Mr Foukkare said. “We’d like to work with Mr Bowen and the Albanese Government to develop a fund that smaller servos can apply to, to help pay for the upgrade needed.” Mr Foukkare said governments at all levels had…
Read MoreCALLS FOR A TAX ON SOFT DRINKS MISGUIDED
SYDNEY: The Australian Beverages Council, National Retail Association and the Australian Associationof Convenience Stores have rejected a call for a tax on soft drinks labelling it a misguided measure that won’t address obesity and hit those households that can least afford it the most. “The tax is a misguided attempt to address complex problems like obesity with a simplistic, quick fixthat lacks real world evidence it has any discernible impact on weight. Consumption of sugar from drinks in Australia has decreased significantly over a 20-year period at the same time obesity, overweight and diabetes rates have continued to rise. Clearly soft drinks aren’t driving the nation’s expanding waistline which makes this call for a tax illogical and clearly just a revenue raiser” said Geoff Parker, CEO of the Australian Beverages Council. “The last National Nutrition and Physical Activity Survey in 2011-12 showed that soft drinks wereranked seventh in kilojoule contribution…
Read MoreYEAR-ON-YEAR SURGE AS AUSSIE ADULT VAPERS INCREASE BY 30 PER CENT
More than 90,000 Australian adults have taken up vaping over the past three months, taking the total number of adults vapers to 1,723,000 – new Roy Morgan data has revealed. Almost 400,000 Australians took up vaping between December 2022 and December 2023 – which equates to a 30 per cent surge in uptake year-on-year, the Roy Morgan survey, commissioned by the Australian Association of Convenience Stores (AACS) found. Nationally, the number of adult vapers has grown by 349 per cent over the past five years and the Roy Morgan survey also found New South Wales had seen the biggest growth in vaping numbers, with an uptake of more than 470 per cent; that means more than half a million people aged over 18 took up vaping in that NSW since December 2019. Victoria’s adult vaping numbers have increased by 355 per cent over the same survey period, while Western Australia…
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