S 17-37 repealed by No 94 of 2017, s 3 and Sch 1 item 7, effective 1 October 2017. For application and transitional provisions, see note under s
19-5
. S 17-37 formerly read:
17-37 Clawback of CR10 wine tax credit on later sale
(1)
A *wine tax credit under *CR10 in relation to wine that is *exported is subject to the condition that you are liable to pay an amount equal to the credit if:
(a)
the wine is returned to the indirect tax zone; and
(b)
the *local entry of the wine is not taxable because of:
(i)
paragraph 7-5(b) (as it operates because of section 42-10 of the *GST Act); or
(ii)
section 7-25; and
(c)
you later sell the wine by *retail sale or there is a later *AOU of the wine.
History
S 17-37(1) amended by No 2 of 2015, s 3 and Sch 4 item 55, by substituting
"
the indirect tax zone
"
for
"
Australia
"
in para (a), applicable to a tax period that commences on or after 1 July 2015.
(2)
The amount is to be treated as if it were wine tax that became payable by you at the time of the later sale or later *AOU of the wine, and, for the purposes of Part 5, were attributable to the *tax period in which the later sale or later AOU happened.
Note:
The main effect of treating the amount as if it were wine tax is to apply the collection and recovery rules in Part 3-10 in Schedule 1 to the
Taxation Administration Act 1953
.
History
S 17-37(2) amended by No 73 of 2006, s 3 and Sch 5 item 148, by substituting
"
Part 3-10 in Schedule 1 to
"
for
"
Part VI of
"
in the note, effective 1 July 2006.
S 17-37 inserted by No 129 of 2004, s 3 and Sch 2 item 2, effective 31 August 2004.
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