A New Tax System (Wine Equalisation Tax) Act 1999

Part 2 - Wine tax  

Division 5 - General rules for taxability  

5-50   Purchaser quoting on purchase from producer - failure to deal according to quote  

This section applies if:

(a) you *purchased wine under quote from the *producer of the wine; and

(b) in your *quote you did not state that you have the intention of dealing with the wine in one of the following ways:

(i) a way described in paragraph 13-5(1)(c) or (d);

(ii) by sale to an entity that will quote for the sale; and

(c) you cause an *assessable dealing with the wine that is a dealing in a way described in subparagraph (b)(i) or (ii).

Sections 7-5 (Exemption for dealings that are GST-free supplies etc.) and 7-10 (Exemptions based on quoting) do not apply to the *assessable dealing mentioned in paragraph (1)(c).

For the purposes of this Division:

(a) disregard paragraph (g) of the definition of application to own use in section 33-1 ; and

(b) treat the matter referred to in that paragraph as being an application to own use.

This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.