Wine Equalisation Tax Ruling

WETR 2002/2A - Addendum

The operation of the wine equalisation tax system

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FOI status:

may be released

Addendum

The purpose of this Addendum is to highlight that the paragraphs of Wine Equalisation Tax Ruling WETR 2002/2 relating to wine producer rebates do not apply to dealings in wine on or after 1 October 2004. This is because provisions of the A New Tax System (Wine Equalisation Tax) Act 1999 (the WET Act) relating to producer rebates have been amended with effect from 1 October 2004.

WETR 2002/2 is amended as follows:

1. After paragraph 116, insert:

Note: The Tax Laws Amendment (Wine Producer Rebate and Other Measures) Act 2004 amended the WET Act in relation to wine producer rebates with effect from 1 October 2004. Accordingly, paragraphs 117 to 155 of this Ruling do not apply in relation to dealings in wine made on or after 1 October 2004.

2. After the note inserted by item 1, insert new footnote 102A:

102A For more information on the changes to the producer rebate and transitional measures refer to the Tax Office Fact Sheet Wine equalisation tax - new wine producer rebate (NAT 11779) on www.ato.gov.au .

This Addendum applies on and from 1 October 2004.

Commissioner of Taxation
1 October 2004

References

ATO references:
NO 2003/11684

Other References:
Wine equalisation tax - new wine producer rebate (NAT 11779)