Document ID: chunk:federal_register_of_legislation:C2017C00327:section:7:p1
Version: federal_register_of_legislation:C2017C00327
Segment Type: section
Provision Reference: s 7 (pt 1/45)
Character Range: 14738–17510

7                                           you

3‑10  Identifying the defined term in a definition
  Within a definition, the defined term is identified by bold italics.

Division 4—Status of Guides and other non‑operative material

4‑1  Non‑operative material
  In addition to the operative provisions themselves, this Act contains other material to help you identify accurately and quickly the provisions that are relevant to you and to help you understand them.
  This other material falls into 2 main categories.

4‑5  Explanatory sections
  One category is the explanatory section in many Divisions. Under the section heading "What this Division is about", a short explanation of the Division appears in boxed text.
  Explanatory sections form part of this Act but are not operative provisions. In interpreting an operative provision, explanatory sections may only be considered for limited purposes. They are set out in section 29‑10.

4‑10  Other material
  The other category consists of material such as notes and examples. These also form part of the Act. They are distinguished by type size from the operative provisions (except for formulas), but are not kept separate from them.

Part 2—Wine tax

Division 5—General rules for taxability

5‑1  What this Division is about
      Liability for wine tax centres around the concept of an assessable dealing. This concept is defined in the Assessable Dealings Table and the sections following the table.

5‑5  General rules for taxing assessable dealings
 (1) The *Assessable Dealings Table sets out all the *assessable dealings that can be subject to wine tax.
 (2) If the time of an *assessable dealing (as specified in column 4 of the table) is on or after 1 July 2000, and no exemption applies under Division 7, then:
 (a) the dealing is a *taxable dealing; and
 (b) the entity specified in column 3 is the entity liable to the tax; and
 (c) the tax becomes payable at the time of the dealing, as specified in column 4.
However, an assessable dealing (other than a *customs dealing) is a taxable dealing only if the entity specified in column 3 is *registered or *required to be registered.
Note: Under Part 5, amounts of wine tax, on assessable dealings (other than customs dealings), are included in your net amount under the GST system.
 (3) To calculate the amount of the tax:
 (a) determine the *taxable value of the dealing under Division 9; and
 (b) multiply the result by 29%.
Note: The amount of tax is reduced for some importations (e.g. accompanied baggage of passengers) that are free of customs duty (see section 5‑40).
 (4) The table does not apply to a dealing with wine unless the wine is *assessable wine immediately before the time of the dealing, and is in the indirect tax zone at the time