This is known as floor price which is used to calculate the minimum cost at which a product can.
Price floor on alcohol in australia.
First the licensing of alcohol retailers in australia is the responsibility of the states and territories.
In the 10 months between 1 october 2018 the date that the floor price and other measures were imposed by the nt government and 31 july 2019 there was a 26 decrease in alcohol related assaults in the territory.
The 220 recommendations included a floor price for all alcohol products at a 1 50 per standard drink.
The minimum per unit price across the country has been set at between approximately 1 48 and 1 72 according to the foundation for alcohol research and education.
A bill was introduced into the legislative assembly in may 2018 and passed on 22 august 2018.
From october 1 2018 one standard drink in the northern territory will cost a minimum of a 1 30.