AUSTRALIA: Brewers reject "dishonest" claim by PM
"They have run a very dishonest campaign on this," Howard told Sydney Radio when interviewed about the pledge by brewers to put any windfall into a trust fund for charities if the government abandons the rise in beer excise.
Corporate affairs manager for Lion Nathan, Gabriel McDowell said that breweries had stated all along that if the beer excise increase were to be reversed, the money that is returned to them would go into a fund to be distributed to charity.
Howard said if the senate did not pass the beer bill, the $185 billion in beer tax that had already been collected would have to be returned to breweries and not to drinkers.
But, the breweries regard the money as belonging to drinkers, not the brewing companies said a spokesman for the Australian Associated Brewers (AAB).
The spokesman also said that the breweries were not interested in keeping the money if the beer excise was overturned. And "The charitable foundation would have to be truly independent and audited," he said.
Companies: Lion Nathan
After some less than successful diversification in recent years, Lion Nathan is focusing its attentions back on beer and winning the approval of analysts in the process. The company looks set to gain ...
Integrating spirits, wine and beer has proved problematic for major drinks groups over the years but expansionary moves by the two major Australian brewers, Foster's Group and Lion Nathan, suggest tha...
Lion Nathan has appointed a new non-executive director....
Coopers Brewery is fighting the takeover attempt from fellow Australian brewer Lion Nathan....
Lion Nathan today announced that it intends to make an off-market offer for Coopers Brewery Ltd (Coopers). The offer of A$260 per share in cash values Coopers at A$352m....
Lion Nathan has received further assurances that it is not about to be taken over....
Lion Nathan has played down speculation that it may be the subject of a takeover....
Lion Nathan has said it is on target to reach its full-year net profit after tax forecast for 2005 of between A$230m and A$235m before one-off charges....
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