Indirect Tax Legislation Amendment Act 2000 (92 of 2000)
Schedule 9A Producer rebates under the wine equalisation tax
A New Tax System (Wine Equalisation Tax) Act 1999
3 After Division 17
Insert:
Division 19 - Producer rebates
19-1 What this Division is about
Wine producers are entitled to a rebate for certain retail sales and AOUs of wine. The rebate tapers off when these sales and AOUs exceed a particular value. The rebate is provided in the form of a wine tax credit.
Note: Credit ground CR9 is producer rebates.
19-5 Entitlement to producer rebates
Retail sales
(1) You are entitled to a *producer rebate for *rebatable wine in respect of a *financial year if:
(a) you are the *producer of the wine; and
(b) you are liable to wine tax for a *retail sale of the wine during the financial year; and
(c) the sale is from premises to which your *producer's licence relates; and
(d) the sale does not contravene the *State law or *Territory law under which the licence was issued, or any conditions to which the licence is subject.
(2) A sale of wine by mail order or on the Internet is taken to be a sale from particular premises for the purposes of paragraph (1)(c) if the wine is sold under the *producer's licence to which those premises relate.
AOUs
(3) You are also entitled to a *producer rebate for *rebatable wine in respect of a *financial year if:
(a) you are the *producer of the wine; and
(b) you are liable to wine tax for an *AOU of the wine during the financial year.
Exceptions
(4) However, you are not entitled to the rebate for the wine if:
(a) in the case of a *retail sale - you sell the wine in the course of providing, to the purchaser of the wine, other *food that is for consumption on the *premises from which it is supplied; or
(b) in the case of a retail sale - the sale is by mail order or on the Internet and a commission is payable to a third party for the sale, or a third party deducts an amount as commission from the proceeds of the sale; or
(c) in any case - in the *financial year in which the sale or *AOU occurs, your *annual rebatable turnover for the *producer's licence under which the sale or AOU took place is more than $580,000.
19-10 Amount of producer rebates
(1) If the *annual rebatable turnover of a *producer of *rebatable wine for a particular *producer's licence in a *financial year is $300,000 or less, the amount of the *producer rebates to which you are entitled in respect of that licence for that financial year is 14% of that turnover.
(2) If the *annual rebatable turnover of a *producer of *rebatable wine for a particular *producer's licence in a *financial year is more than $300,000, the amount of the *producer rebates to which you are entitled in respect of that licence for that financial year is:
$42,000 - ((That turnover - $300,000) * 15%)
19-15 Estimating amounts of producer rebates for each tax period
(1) The Commissioner may determine in writing how a *producer of *rebatable wine may work out estimates of amounts of *producer rebates that the producer may claim for the producer's *tax periods during a *financial year (other than the last tax period of a financial year).
(2) An amount worked out in accordance with the determination, for one of the *tax periods applying to you, is treated as an amount of a *wine tax credit:
(a) to which you are entitled; and
(b) that arises during that tax period (even though under section 17-5 it would arise at a later time).
(3) The amount of the *producer rebate to which you are entitled in respect of the *financial year is taken to be reduced by the sum of the amounts worked out under subsection (2) that you claim for *tax periods during the financial year.
(4) However, if the sum of the amounts worked out under subsection (2) that you claim for *tax periods during the *financial year exceeds the amount of the *producer rebate to which you are entitled in respect of the financial year:
(a) you are liable to pay an amount equal to that excess; and
(b) the amount is to be treated as if it were wine tax payable by you at the end of the financial year, and, for the purposes of Part 5, were attributable to the last tax period of the financial year.
19-20 Annual rebatable turnover
The *annual rebatable turnover of a *producer of *rebatable wine for a particular *producer's licence in a *financial year is the sum of:
(a) the *notional wholesale selling prices of all *retail sales of rebatable wine the producer makes in that financial year that are sales:
(i) made under the licence; and
(ii) to which subsection 19-5(1) applies; and
(b) the notional wholesale selling prices of all *AOUs of rebatable wine the producer makes in that financial year that are AOUs:
(i) made under the licence; and
(ii) to which subsection 19-5(3) applies.