Document ID: chunk:federal_register_of_legislation:C2006C00496:clause:9a_3:p2
Version: federal_register_of_legislation:C2006C00496
Segment Type: clause
Provision Reference: sch 9A cl 3 (pt 2/2)
Character Range: 71400–73748

are entitled in respect of that licence for that financial year is 14% of that turnover.

 (2) If the *annual rebatable turnover of a *producer of *rebatable wine for a particular *producer's licence in a *financial year is more than $300,000, the amount of the *producer rebates to which you are entitled in respect of that licence for that financial year is:

19‑15  Estimating amounts of producer rebates for each tax period

 (1) The Commissioner may determine in writing how a *producer of *rebatable wine may work out estimates of amounts of *producer rebates that the producer may claim for the producer's *tax periods during a *financial year (other than the last tax period of a financial year).

 (2) An amount worked out in accordance with the determination, for one of the *tax periods applying to you, is treated as an amount of a *wine tax credit:
 (a) to which you are entitled; and
 (b) that arises during that tax period (even though under section 17‑5 it would arise at a later time).

 (3) The amount of the *producer rebate to which you are entitled in respect of the *financial year is taken to be reduced by the sum of the amounts worked out under subsection (2) that you claim for *tax periods during the financial year.

 (4) However, if the sum of the amounts worked out under subsection (2) that you claim for *tax periods during the *financial year exceeds the amount of the *producer rebate to which you are entitled in respect of the financial year:
 (a) you are liable to pay an amount equal to that excess; and
 (b) the amount is to be treated as if it were wine tax payable by you at the end of the financial year, and, for the purposes of Part 5, were attributable to the last tax period of the financial year.

19‑20  Annual rebatable turnover

  The *annual rebatable turnover of a *producer of *rebatable wine for a particular *producer's licence in a *financial year is the sum of:
 (a) the *notional wholesale selling prices of all *retail sales of rebatable wine the producer makes in that financial year that are sales:
 (i) made under the licence; and
 (ii) to which subsection 19‑5(1) applies; and
 (b) the notional wholesale selling prices of all *AOUs of rebatable wine the producer makes in that financial year that are AOUs:
 (i) made under the licence; and
 (ii) to which subsection 19‑5(3) applies.