Australia's tobacco excise revenue is projected to fall by $5.4 billion over five years as an illicit cigarette market boom reduces legitimate sales, with revenue expected to drop from $3.56 billion in 2026-27 to $2.14 billion by 2029-30. The government announced $20.3 million in funding to combat illegal tobacco sales through enhanced enforcement and law enforcement powers, while state leaders have called for a re-evaluation of excise rates they say fuel the black market.
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Australia's tobacco excise revenue is projected to fall by $5.4 billion over five years as an illicit cigarette market boom reduces legitimate sales, with revenue expected to drop from $3.56 billion in 2026-27 to $2.14 billion by 2029-30. The government announced $20.3 million in funding to combat illegal tobacco sales through enhanced enforcement and law enforcement powers, while state leaders have called for a re-evaluation of excise rates they say fuel the black market.