S 17-37 repealed by No 94 of 2017, s 3 and Sch 1 item 7, effective 1 October 2017.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
. S 17-37 formerly read:
17-37 Clawback of CR10 wine tax credit on later sale
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:
the wine is returned to the indirect tax zone; and
the *local entry of the wine is not taxable because of:
paragraph 7-5(b) (as it operates because of section 42-10 of the *GST Act); or
section 7-25; and
you later sell the wine by *retail sale or there is a later *AOU of the wine.
S 17-37(1) amended by No 2 of 2015, s 3 and Sch 4 item 55, by substituting
the indirect tax zone
in para (a), applicable to a tax period that commences on or after 1 July 2015.
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.
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