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

Schedule 1   Wine equalisation tax producer rebate

Part 3   Other amendments

A New Tax System (Wine Equalisation Tax) Act 1999

27   Application

(1) The amendment made by this Part applies to assessable dealings in wine in financial years that start on or after the commencement of this item.

(2) For the purposes of subsection 19-20(1) of the A New Tax System (Wine Equalisation Tax) Act 1999,treat a producer as an associated producer of another producer for a financial year if:

(a) the financial year:

(i) started at a time before the commencement of this Part; and

(ii) ended at a time after the commencement of this Part; and

(b) the requirements in paragraphs (a), (b) or (c) of that subsection are satisfied at any time during the period:

(i) starting on the day of commencement of this Part; and

(ii) ending on the last day of the financial year.