A New Tax System (Wine Equalisation Tax) Act 1999

Part 4 - Wine tax credits  

Division 19 - Producer rebates  

19-20   Associated producers  

(1)  


A *producer is an associated producer of another producer for a *financial year if, at any time during that financial year:


(a) the producer would be *connected with the other producer if subsection 328-125(8) of the *ITAA 1997 were omitted; or


(b) the producer:


(i) is under an obligation (whether formal or informal); or

(ii) might reasonably be expected;
to act in accordance with the directions, instructions or wishes (however communicated) of the other producer in relation to the first producer ' s financial affairs; or


(c) the other producer:


(i) is under an obligation (whether formal or informal); or

(ii) might reasonably be expected;
to act in accordance with the directions, instructions or wishes (however communicated) of the first producer in relation to the other producer ' s financial affairs.

(2)  
2 *producers are associated producers if each of them:


(a) is under an obligation (whether formal or informal); or


(b) might reasonably be expected;

to act in accordance with the directions, instructions or wishes (however communicated) of the same third entity in relation to their financial affairs.

(3)  
A *producer is an associated producer of another producer if:


(a) the first producer:


(i) is under an obligation (whether formal or informal); or

(ii) might reasonably be expected;
to act in accordance with the directions, instructions or wishes (however communicated) of a third producer in relation to the first producer ' s financial affairs; and


(b) the third producer:


(i) is under an obligation (whether formal or informal); or

(ii) might reasonably be expected;
to act in accordance with the directions, instructions or wishes (however communicated) of the other producer in relation to the third producer ' s financial affairs.

 

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