View full document Previous section | Next section

A New Tax System (Wine Equalisation Tax) Act 1999

Part 1 - Introduction

Division 2 - Overview of the wine tax legislation

2-1

2-1 What this Act is about
This Act is about the wine equalisation tax (or wine tax).

The wine tax is a single stage tax applying (in most cases) to dealings in wine at the wholesale level. In almost all dealings to which it applies, the GST will also apply.

Note 1:

Wine is widely defined in Subdivision 31-A . It can apply to beverages fermented from any fruit or vegetable. It also extends to cider, perry, mead and sake.