Source: https://www.legislation.gov.au/Details/C2015C00039
Timestamp: 2020-02-27 17:36:37
Document Index: 339033200

Matched Legal Cases: ['art 2', 'art 3', 'art 4', 'art 5', 'art 6', 'art 7', 'art 2', 'art 5', 'art 7']

Details: C2015C00039
- C2015C00039
Act No. 62 of 1999 as amended, taking into account amendments up to Treasury Legislation Amendment (Repeal Day) Act 2015
sch 4 (item 48-64)
C2015C00039
This is a compilation of the A New Tax System (Wine Equalisation Tax) Act 1999 that shows the text of the law as amended and in force on 25 February 2015 (the compilation date).
Division 2—Overview of the wine tax legislation 3
2‑1......... What this Act is about......................................................................... 3
2‑5......... Liability to tax (Part 2)........................................................................ 3
2‑10....... Quoting (Part 3).................................................................................. 3
2‑15....... Wine tax credits (Part 4)...................................................................... 3
2‑20....... Payment of wine tax (Part 5)............................................................... 4
2‑25....... Miscellaneous (Part 6)........................................................................ 4
2‑30....... Interpretative provisions (Part 7)......................................................... 4
2‑33....... Administration, collection and recovery provisions in the Taxation Administration Act 1953 4
Division 3—Defined terms 5
3‑1......... When defined terms are identified....................................................... 5
3‑5......... When terms are not identified.............................................................. 5
3‑10....... Identifying the defined term in a definition.......................................... 6
4‑1......... Non‑operative material........................................................................ 7
4‑5......... Explanatory sections........................................................................... 7
4‑10....... Other material...................................................................................... 7
Part 2—Wine tax 8
Division 5—General rules for taxability 8
5‑1......... What this Division is about................................................................. 8
5‑5......... General rules for taxing assessable dealings....................................... 8
5‑15....... Royalty‑inclusive sale (AD2c and AD12c) or AOU (AD3d and AD13d) 16
5‑25....... Untaxed sale (AD2e and AD12e) or AOU (AD3a and AD13a)...... 17
5‑30....... Local entry of imported wine (AD10)............................................... 18
17‑10..... Claims for wine tax credits................................................................ 40
17‑15..... Commissioner not required to consider credit claims for less than $200 41
17‑20..... Wine tax credits to be applied against tax liabilities and excess refunded 41
17‑25..... Excess wine tax credits must be repaid............................................. 41
17‑30..... Clawback of CR15 wine tax credit on later recovery of bad debt...... 41
17‑35..... Clawback of CR8 wine tax credit on later sale of defective wine...... 42
17‑37..... Clawback of CR10 wine tax credit on later sale................................ 43
17‑40..... Agreement with Commissioner regarding wine tax credits............... 43
17‑45..... Notifying disallowance of wine tax credit claim................................ 43
Division 19—Producer rebates 45
19‑1....... What this Division is about............................................................... 45
19‑5....... Entitlement to producer rebates......................................................... 45
19‑7....... Approval as New Zealand participant............................................... 45
19‑10..... Exceptions......................................................................................... 48
19‑15..... Amount of producer rebates.............................................................. 49
19‑17..... Earlier producer rebates..................................................................... 50
19‑20..... Associated producers........................................................................ 51
19‑25..... Excess claims.................................................................................... 53
19‑28..... Obligations relating to certain wholesale sales.................................. 54
19‑30..... Obligation of purchasers................................................................... 54
Part 5—Payments and refunds of wine tax 56
Division 21—Inclusion of wine tax and wine tax credits in net amounts 56
21‑1....... What this Division is about............................................................... 56
Subdivision 21‑A—General 56
21‑5....... Net amounts increased by amounts of wine tax................................ 56
21‑10..... Attribution rules for wine tax............................................................ 57
21‑15..... Net amounts reduced by amounts of wine tax credits....................... 57
Subdivision 21‑B—Members of GST groups 58
21‑40..... Who is liable for wine tax................................................................. 58
21‑45..... Who is entitled to wine tax credits..................................................... 58
Subdivision 21‑C—Participants in GST joint ventures 59
21‑70..... Who is liable for wine tax................................................................. 59
21‑75..... Who is entitled to wine tax credits..................................................... 59
21‑80..... Additional net amounts relating to GST joint ventures...................... 59
Division 23—Wine tax on customs dealings 61
23‑1....... What this Division is about............................................................... 61
23‑5....... Payment of wine tax on customs dealings......................................... 61
23‑10..... Application of Division 165 of the GST Act.................................... 62
Division 25—Tourist refund scheme 63
25‑1....... What this Division is about............................................................... 63
25‑5....... Tourist refund scheme....................................................................... 63
25‑10..... Purchases later found to be GST‑free supplies................................. 64
Division 27—Miscellaneous 66
27‑5....... Wine tax must be specified on invoice for wholesale sales............... 66
27‑10..... Alteration of wine tax liability or wine tax credit if affected by non‑arm’s length transaction 66
27‑15..... Apportionment of global amounts..................................................... 67
27‑20..... Commonwealth etc. not liable to pay wine tax.................................. 67
27‑25..... Cancellation of exemptions from wine tax........................................ 68
27‑30..... Application of the Criminal Code..................................................... 68
27‑35..... Regulations....................................................................................... 68
Part 7—Interpreting this Act 70
Division 29—Rules for interpreting this Act 70
29‑1....... What forms part of this Act............................................................... 70
29‑5....... What does not form part of this Act.................................................. 70
29‑10..... Explanatory sections, and their role in interpreting this Act.............. 70
Division 31—Meaning of some important concepts 72
Subdivision 31‑A—Wine 72
31‑1....... Meaning of wine............................................................................... 72
31‑2....... Meaning of grape wine..................................................................... 72
31‑3....... Meaning of grape wine product........................................................ 73
31‑4....... Meaning of fruit or vegetable wine................................................... 73
31‑5....... Meaning of cider or perry................................................................ 74
31‑6....... Meaning of mead.............................................................................. 74
31‑7....... Meaning of sake................................................................................ 74
31‑8....... Requirements for types of wine........................................................ 75
31‑9....... Measuring alcoholic content.............................................................. 76
Subdivision 31‑C—Borne wine tax and wine tax borne 76
31‑10..... Meanings of borne wine tax and wine tax borne............................... 76
Subdivision 31‑D—Obtaining wine under quote etc. 76
31‑15..... Meaning of obtain wine under quote etc........................................... 76
Division 33—Dictionary 78
33‑1....... Dictionary......................................................................................... 78
1 July 2000 (s 1-2)
am No 176, 1999; No 177, 1999; No 92, 2000; No 129, 2004; No 10, 2005; No 160, 2005; No 58, 2006; No 80, 2007; No 33, 2009; No 12, 2012; No 39, 2012; No 184, 2012; No 62, 2014; No 2, 2015