Illegal tobacco trade costs budget $8 billion

Australia's illicit tobacco market is driving a surge in smoking, with nicotine consumption 40% higher in 2025 than in 2017. The black market trade, linked to organised crime, is forecast to cost the federal budget more than $8 billion in lost revenue. Housing Minister Claire O'Neill argues the issue requires better border protection and enforcement rather than reducing tobacco excise, while Shadow Finance Minister Claire Chandler suggests all options, including reviewing excise levels, should be on the table.See omnystudio.com/listener for privacy information.