Document ID: chunk:federal_register_of_legislation:C2005A00160:clause:4_15
Version: federal_register_of_legislation:C2005A00160
Segment Type: clause
Provision Reference: sch 4 cl 15
Character Range: 30989–32150

15  After subsection 19‑15(1)
Insert:

 (1A) The amount of the *producer rebates to which you are entitled because of subsection 19‑5(2) for the wine for the *financial year is an amount equal to 29% of the approved selling price for the wine.

 (1B) In working out the amount of the *producer rebate to which you are entitled because of subsection 19‑5(2), any component used to determine the approved selling price that is expressed in a currency other than Australian currency is to be treated as if it were an amount of Australian currency worked out in the manner determined, by legislative instrument, by the Commissioner.

 (1C) In this section:

approved selling price, in relation to wine sold by a *New Zealand participant, means the participant's selling price for the wine net of any expenses unrelated to the production of the wine in *New Zealand, including but not limited to:
 (a) expenses relating to transportation, freight and insurance, agent's fees and any other costs associated with exportation of the wine from New Zealand and importation of the wine into *Australia; and
 (b) New Zealand and Australian taxes including customs duties.