Coalition dodges Senate to raise petrol tax

Tuesday 28 October 2014

The Abbott Government’s sensible bid to have fuel excise indexation restored has found new life, with the Coalition using the ‘alcopops’ precedent to steer around the Senate blockage and raise fuel excise from November. From SBS:

Finance Minister Mathias Cormann said the government would use “tariff proposals”, to be tabled in parliament this week, to bring about the hike.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.