Treasury Laws Amendment (2017 Measures No. 4) Act 2017 (94 of 2017)

Schedule 1   Wine equalisation tax producer rebate

Part 1   Main amendments

Division 2   Application and transitional provisions

19   Application

(1) The amendments made by this Part apply to assessable dealings in wine in the 2018-19 financial year and later financial years.

(2) The amendments made by this Part also apply to assessable dealings in wine if:

(a) in a case where the source product for the wine is covered by paragraph 19-5(4)(a), (b), (c) or (d) of the A New Tax System (Wine Equalisation Tax) Act 1999 - the crushing of the source product for more than 50% of the wine (measured by volume) occurred on or after 1 January 2018; or

(b) in a case where the source product for the wine is covered by paragraph 19-5(4)(e) or (f) of that Act - the initial fermentation of the source product for more than 50% of the wine (measured by volume) started on or after 1 January 2018.