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Price floor of alcohol laws.
The territory s parliament passed the laws in august last year which means alcohol has to be sold for at least 1 30 per standard drink.
To the impact of an alcohol price floor.
A floor price is a minimum amount for which alcohol can be sold for example if the floor price is 1 a bottle of wine with eight standard drinks in it would be sold for 8 or more.
From 1 october 2018 the minimum floor price will be set at 1 30 per standard drink contained in the alcohol product.
The northern territory last year became the first australian jurisdiction to put a floor price on alcohol in a bid to reduce its worsening rate of alcohol related harm.
Under the nt s new laws a standard 750ml bottle of wine with 7 7 standard drinks will be sold for a minimum of 10.
The government introduced the act to discourage excessive drinking.
Police and local authority officials with a licensing remit.
More specifically it is defined as an intervention to raise market prices if the government feels the price is too low.
In scotland the government passed a law that sets out a price floor on alcoholic beverages.
In this case since the new price is higher the producers benefit.
The goal of the mup a minimum unit pricing law was to reduce alcohol consumption.
The alcohol minimum pricing scotland act 2012 is an act of the scottish parliament which introduces a statutory minimum price for alcohol initially 50p per unit as an element in the programme to counter alcohol problems.
A floor price is a minimum amount under which alcohol cannot be sold.
Price floor definition a price floor or a minimum price is a regulatory tool used by the government.
On february 26th their devolved government set a minimum price for alcohol of 50p 0 70 per unit equivalent to roughly half a pint of beer or a small glass of wine.
As an example a report in august this year by the canberra based foundation for alcohol research and education recommended the nt government introduce a minimum price level of 1 50 per standard drink to reduce consumption levels and related harm.
In a submission to the health select committee on the sale and purchase of alcohol laws last year the nz drug foundation echoed calls for a minimum unit price saying a floor price per standard.
Mup set a floor price of 50p per unit of alcohol and the legislation which introduced this requires its impact to be monitored regularly.
The scotch whisky association has taken scotland s parliament to court because of a mup.
