Federal Government releases WET rebate Implementation Paper

Friday, Sep 2, 2016

Federal Government Reforms - WET and rebate

Consistent with the announcement in the Federal Government Budget made on 3 May, changes to the Wine Equalisation Tax and rebate involved a definition of eligibility for  a “wine producer” which was acknowledged by the Government as requiring changes through consultation with the wine industry.

 

An implementation discussion paper has now been released by the Federal Government including an examination of various definitions of packaged wine, branded wine, eligible producer including owing, leasing and what constitutes a ‘significant interest’.  Importantly, the paper sets out the government’s proposed approach to implement the tightened eligibility criteria to access the WET rebate.

 

The paper sets out  that any interested parties can provide a response to government by 7 October and the government has committed to meet industry stakeholders as part of the consultation. SAWIA will be ensuring that member views are communicated by submission and through consultation to the Federal Government.

 

SAWIA considers it is important that members have access to the paper to assess the government’s views (attached) and SAWIA will also provide soon a formal means of feedback for members about the position. 

In the meantime, member views on the implementation paper are welcome and can be sent to brian@winesa.asn.au

 

SAWIA will as part of our process discuss the paper with SA regional associations, national and other state associations to ensure the industry position to government is understood.