A New Tax System (Wine Equalisation Tax) Act 1999

Part 2 - Wine tax  

Division 9 - Taxable value  

Subdivision 9-B - Notional wholesale selling price  

9-25   The 2 methods of working out notional wholesale selling prices for retail dealings with grape wine  

(1)    
There are 2 methods for working out the notional wholesale selling price for a * taxable dealing that is either:

(a) a * retail sale of * grape wine ; or

(b) an * AOU connected with retail sales of wine that is grape wine.

(2)    
The * half retail price method is used unless you have chosen under subsection (3) to use the * average wholesale price method .

(3)    
You may choose to use the * average wholesale price method if, during the * tax period in respect of which you are liable to pay wine tax on the dealing, at least 10% by value of all your sales of * grape wine that:

(a) is of the same vintage as the grape wine to which the dealing relates; and

(b) is produced from the same grape varieties, or the same blend of grape varieties, as the grape wine to which the dealing relates;

are * wholesale sales .