After a week which saw the largest category in Convenience Stores hit hard by increased excise taxes and plain packaging few small businesses in our sector will believe the Federal Government’s announcements this afternoon will help them as the PM and Treasurer have promised. Leaks already in the news tell us that increased superannuation will increase the costs to our members at the same time that increased excise taxes on tobacco will drive the smoking demographic from our stores seeking cheaper tobacco products on the black market.
AACS will be live this afternoon commenting on the impact of the Henry Review on our members.