The Federal Government’s announcement that there will be an excise tax offset for higher fuel costs associated with an introduction of an emissions trading scheme is welcome, says VTIC.
The Victoria Tourism Industry Council (VTIC) called on the Government in May to reduce fuel excise because of the impact high fuel prices were having on tourism and travel spending, particularly in regional areas.
“The latest VTIC Survey of tourism operators showed that 60 per cent of respondents identified fuel prices as a ‘significant’ or ‘critical’ factor constraining business growth over the May quarter”, says VTIC Spokesperson Bindi Gove.
“While welcome, the fuel tax offset won’t take affect until the commencement of emissions trading, in 2010; this means immediate action on fuel prices is still needed.
“The release of the Green Paper provides increased detail on a number of the key features of an emissions trading scheme designed to address climate change.
“It’s acknowledgement of the need to compensate low income groups, support industry adjustment and better educate SMEs about the practical actions they can take to reduce their energy dependency is welcome.
“However, ongoing consultation with the sector needs to occur alongside further information on the impact and costs of emissions trading.
“VTIC looks forward to the Federal Treasury modelling, which will provide further detail about the costs of emissions trading and the impact on the tourism industry”, says Ms Gove.
Background - what is VTIC
The Victoria Tourism Industry Council (VTIC) is the peak policy council for the Victorian tourism industry, which represents key industry associations, operators and government agencies, providing one united industry voice. |
