• Wine Equalisation Tax rebate

    In the 2016–17 Budget, the government announced that it will address integrity concerns with the wine equalisation tax (WET) rebate by reducing the WET rebate cap and tightening eligibility criteria.

    The scheduled changes include:

    • strengthening the associated producer provisions, so that from 1 October 2017 the associated producer test applies at any time during the financial year
    • reducing the WET rebate cap from $500,000 to $350,000 on 1 July 2018
    • introducing tightened eligibility criteria for the producer rebate from 1 July 2018 with some transitional arrangements from 1 January 2018
    • creating a stronger link between rebate claims and the payment of WET by limiting entitlements to WET credits and changes to the quoting rules from 1 July 2018.

    Legislation and supporting material

    The Treasury Laws Amendment (2017 Measures No. 4) Act 2017External Link received Royal Assent on 23 August 2017.

    More information

      Last modified: 07 Sep 2017QC 50145