Bad news for Aussies who love a drink – the price of your favourite bevvy is set to rise from 1 July 2017.
Any booze business that sells more than $1 million worth of wine, beer, cider, mead, sherry, sake, rose and/or champagne per year will be left short-changed after the 2016 Budget. And they are likely to pass on their costs to consumers.
Say goodbye to your favourite second-cheapest bottle of wine.
It’s going to be equally tough for rappers and housewives who like to indulge in Veuve, Moet and Chandon.
The government says the changes will raise $300 million in revenue over four years … but they will likely cost you 300 spins on the wheel of goon of fortune.