A New Tax System (Wine Equalisation Tax) Act 1999

Part 2 - Wine tax  

Division 9 - Taxable value  

Subdivision 9-B - Notional wholesale selling price  

9-45   9-45   Notional wholesale selling prices for other dealings  
The notional wholesale selling price for a taxable dealing with wine that is neither:

(a) a * retail sale of wine; nor

(b) an * AOU connected with retail sales of wine;

is the * price (excluding wine tax and * GST ) for which you could reasonably have been expected to sell the wine by wholesale under an arm's length transaction.

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