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Metcash Provides an Update on Tobacco Excise

12 May 2021  |  09:34:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Tobacco Excise

Metcash provided the following update in response to Federal Budget which it understands does not include an increase in tobacco excise duty in September 2021. The Company has previously stated that should the Australian Government-legislated annual 12.5% increase in tobacco excise be reduced or not continued post the September 2020 increase, it would work with tobacco suppliers to ensure it continues to be appropriately remunerated for the service provided to them.

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