Summary of Options

Summary of Options
Option (in addition to annual CPI-based increases)	Revenue $m total over 4 years	Progress to 2025 Smoke-free Goal (estimate by 2021)	Financial impact on households On average smoker (12 per day)	Impact on Tobacco suppliers
1. 10% each 1 Jan for 4 years	528	Prevalence ↓ 7% Consumption ↓ 13 Deaths ↓ 300-350pa	By 2016 32% real price increase $1130 per year at 12 per day, or reduce smoking 24% to spend no more	Lowest
2. 10% on Budget night then 10% each 1 Jan for 4 years	755	Prevalence↓ 9% Consumption ↓ 16 Deaths↓ 350-425pa	By 2016 43% real price increase $1490 per year at 12 per day, or reduce smoking 29% to spend no more
3. 30% on Budget night then 10% each 1 Jan 4 years	1,018	Prevalence↓ 12% Consumption↓ 20 Deaths↓ 600-700pa Large "shock" increase may prompt a major jump in quit attempts.	By 2016 63% real price increase $2200 per year at 12 per day, or reduce smoking 38% to spend no more	Highest

Page top

Global Navigation