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  

(1)  
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).

(2)  
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).

(3)  
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.




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