The wine equalisation tax rebate presentation

Published on 19 Mar 13 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

On 19 September 2012 the Government introduced into Parliament amendments to the A New Tax System (Wine Equalisation Tax) Act 1999. The amendments were introduced, passed and received Royal Assent (in December 2012) with a view to ensuring that a wine producer is not entitled to the wine equalisation tax (WET) producer rebate on wine that has already had a WET producer rebate claimed on it. This issue,particular to blending arrangements, is one which has recently been at the forefront of the Commissioner’s and Treasury’s mind in the context of the WET rebate; other issues including the application of the “associated producer” provisions and perceived uncommercial arrangements being entered into with a view to take advantage of the WET rebate.

This presentation focuses on ensuring that attendees walk away with:

• a detailed understanding of the recent changes to the WET rebate and the impact on their clients
• an understanding of the WET Grouping provisions and how these apply within Family Groups
• what to expect if (when?) an ATO auditor comes calling

Author profile

Brett Zimmermann CTA

Brett Zimmermann, is an Assistant Commissioner in Tax Counsel Network (TCN) responsible for providing leadership on technical issues that are a priority for the ATO. Brett joined the ATO five years ago, prior to that working 18 years in the private sector as a specialist tax and commercial solicitor. Brett holds a range of roles in the ATO and deals with issues during audit, advice products, litigation and legislative development with a focus on corporate transactions. His recent work includes matters pertaining to current R&D, share capital management and earnout portfolios. Brett was the TCN Assistant Commissioner with technical responsibility for the GQHC, Sunlite and TDS Biz litigation matters. - Current at 14 March 2024

More by Brett ZIMMERMANN

• Formation, restructure and Sale How will recent changes impact the advice we give our clients? paper - 28-August-2015
• Landholder duty – Three years on paper - 01-May-2014
• The wine equalisation tax rebate paper - 19-March-2013
• Land rich & landholder duty - The changing landscape paper - 28-July-2011
• Capital Gains Tax: Taxing the 'Right to Seek Compensation' - 01-April-2004
• Part IVA Rulings - TR 2002/18 and TR 2002/19 presentation - 18-March-2003

Click here to expand/collapse more articles by Brett ZIMMERMANN.