The Albanese Government is set to deliver tax relief for Australia’s brewers, distillers, and wine producers, increasing financial support for a key local industry that drives regional tourism, investment, and job creation.
Currently, brewers and distillers receive a full refund of excise paid up to $350,000 annually. Under the new plan, the excise remission cap will rise to $400,000 from 1 July 2026. Wine producers will also benefit, with the Wine Equalisation Tax (WET) producer rebate increasing to the same level. The move is expected to benefit around 1,500 brewers and distillers, along with 3,000 winemakers across the country.
Prime Minister Anthony Albanese said the initiative would strengthen small and medium-sized businesses that are crucial to Australia’s economy.
“To build Australia’s future, we need strong small and medium-sized businesses generating jobs and economic opportunity for Australians,” he said.
“This common-sense measure will back thriving local industries and open the way for growth.”
Treasurer Jim Chalmers emphasised that the decision to provide tax relief was made despite budget constraints, recognising the industry’s significance.
“We’re pleased to have found room in a tight budget to provide some tax relief for a really important industry creating jobs and opportunities around Australia,” he said.
“Brewers, distillers and winemakers play a large role in many local economies, and this support will help them invest and grow.”
Beyond tax relief, the Australian Trade and Investment Commission (Austrade) will provide additional support to help local distillers, brewers, and winemakers expand into high-priority overseas markets. This includes trade missions, expert advice, and business connections to help small and medium-sized exporters tap into fast-growing markets in Southeast Asia and beyond.
Minister for Trade and Tourism Don Farrell highlighted the broader impact of supporting the industry, saying it was about more than just quality products.
“Supporting small distillery, brewing and wine businesses is not just about producing exceptional products – it’s about creating jobs, fostering local economies, and building a better Australia,” he said.
“By boosting our export support for these businesses, we are helping fast-track their success in international markets, which will create even more jobs at home.”
The tax relief package is estimated to reduce tax receipts by $70 million over five years from 2024-25.
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