A New Tax System (Wine Equalisation Tax) Act 1999
You are entitled to * quote your * ABN for a dealing with wine if, at the time of quoting, you have the intention of dealing with the wine in any of the following ways:
(a) selling the wine by * wholesale , or by * indirect marketing sale , while the wine is in the indirect tax zone;
(b) selling the wine, by any kind of sale, while it is in the indirect tax zone (this ground is available only if you are mainly a wholesaler at the time of quoting);
(c) using the wine as a material in * manufacture or other treatment or processing, whether or not it relates to or results in other wine;
(d) making a * supply of the wine that will be * GST-free .
View history note
Hide history note(2)
However, you are not entitled to * quote unless you are * registered .
(3)
For the purposes of paragraph (1)(b) , you are mainly a wholesaler at the quoting time only if:
(a) * wholesale sales and * indirect marketing sales account for more than half of the total value of all sales of * assessable wine by you during the 12 months ending at the quoting time; or
(b) you have an expectation (based on reasonable grounds) that wholesale sales and indirect marketing sales will account for more than half of the total value of all sales of assessable wine by you during the 12 months starting at the quoting time.
For this purpose, the value of a sale of wine is the * price for which the wine is sold.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
