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  • Wine Equalisation Tax rebate

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

    On 23 August 2017 changes to the A New Tax System (Wine Equalisation Tax) Act 1999 received royal assent and 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 from 1 July 2018
    • introducing tightened eligibility criteria for the producer rebate for 2018 vintage and later wine from 1 January 2018, and for all other wine from 1 July 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 for 2018 vintage and later wine from 1 January 2018, and for all other wine 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.

    See also:

      Last modified: 09 Feb 2018QC 50145