Download Word
Download PDF1998-99
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
A New Tax System (Wine Equalisation Tax) Bill 1999
No. , 1999
(Treasury)
A Bill for an Act about a tax, relating to certain alcoholic beverages, to implement A New Tax System, and for related purposes
Contents
Part 1—Introduction 1
Division 1—Preliminary 1
1-1......... Short title............................................................................................. 1
1-2......... Commencement................................................................................... 2
1-3......... How the wine tax law applies to things outside Australia and things happening before commencement 2
1-4......... States and Territories are bound by the wine tax law.......................... 2
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
2-35....... Administration, collection and recovery provisions (Part VI of 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
Division 4—Status of Guides and other non-operative material 7
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
5-10....... Sale time brought forward if purchaser uses the wine before title passes 14
5-15....... Royalty-inclusive sale (AD2c and AD12c) or AOU (AD3d and AD13d) 14
5-20....... Indirect marketing sale (AD2d and AD12d)..................................... 15
5-25....... Untaxed sale (AD2e and AD12e) or AOU (AD3a and AD13a)...... 15
5-30....... Local entry of imported wine (AD10)............................................... 16
5-35....... Time of local entry if wine entered for home consumption before importation 20
5-40....... Reductions in wine tax for some importations that are free of customs duty 20
Division 7—Exemptions 21
7-1......... What this Division is about............................................................... 21
7-5......... Exemption for dealings that are GST-free supplies........................... 21
7-10....... Exemptions based on quoting........................................................... 21
7-15....... Exemptions based on Schedule 4 to the Customs Tariff Act 1995 .... 21
7-20....... Exemption for local entry if wine has been taxed while in bond....... 22
Division 9—Taxable value 23
9-1......... What this Division is about............................................................... 23
Subdivision 9-A—General rules for working out taxable value 23
9-5......... How to work out the taxable value of a taxable dealing.................... 23
9-10....... Agreement with Commissioner regarding calculation of taxable value 23
Subdivision 9-B—Notional wholesale selling price 24
9-25....... The 2 methods of working out notional wholesale selling prices for retail dealings with grape wine 24
9-30....... Working out notional wholesale selling prices for retail dealings with wine that is not grape wine 24
9-35....... The half retail price method............................................................... 25
9-40....... The average wholesale price method................................................. 25
9-45....... Notional wholesale selling prices for other dealings......................... 25
Subdivision 9-C—Additions to taxable value 26
9-65....... Taxable dealing with wine that is the contents of a container............ 26
9-70....... Assessable dealings with wine that involve the payment of an associated royalty 26
9-75....... Assessable dealing with wine in bond.............................................. 27
9-80....... Amounts not to be added if they are already included in the taxable value 28
Part 3—Quoting 29
Division 13—Quoting for dealings in wine 29
13-1....... What this Division is about............................................................... 29
13-5....... Standard grounds for quoting ABN.................................................. 29
13-10..... Additional quoting grounds in special circumstances........................ 30
13-15..... Periodic quoting................................................................................ 30
13-20..... Manner in which quote must be made............................................... 31
13-25..... Incorrect quote nevertheless effective for certain purposes............... 31
13-30..... Quote not effective for certain purposes if there are grounds for believing it was improperly made 31
13-35..... Improper quoting is an offence......................................................... 31
Part 4—Wine tax credits 33
Division 17—Wine tax credits 33
17-1....... What this Division is about............................................................... 33
17-5....... Wine tax credit entitlements............................................................... 33
17-10..... Claims for wine tax credits................................................................ 39
17-15..... Commissioner not required to consider credit claims for less than $200 40
17-20..... Wine tax credits to be applied against tax liabilities and excess refunded 40
17-25..... Excess wine tax credits must be repaid............................................. 40
17-30..... Clawback of CR15 wine tax credit on later recovery of bad debt...... 40
17-35..... Clawback of CR8 wine tax credit on later sale of defective wine...... 41
17-40..... Agreement with Commissioner regarding wine tax credits............... 42
17-45..... Notifying disallowance of wine tax credit claim................................ 42
Part 5—Payments and refunds of wine tax 43
Division 21—Inclusion of wine tax and wine tax credits in net amounts 43
21-1....... What this Division is about............................................................... 43
21-5....... Wine tax added to net amounts.......................................................... 43
21-10..... Attribution rules for wine tax............................................................ 43
21-15..... Wine tax credits subtracted from net amounts................................... 44
Division 23—Wine tax on customs dealings 45
23-1....... What this Division is about............................................................... 45
23-5....... Payment of wine tax on customs dealings......................................... 45
23-10..... Application of Division 165 of the GST Act.................................... 45
Part 6—Miscellaneous 46
Division 27—Miscellaneous 46
27-1....... Application of this Act to cider, perry, mead and sake...................... 46
27-5....... Wine tax must be specified on invoice for wholesale sales............... 46
27-10..... Alteration of wine tax liability or wine tax credit if affected by non-arm’s length transaction 46
27-15..... Apportionment of global amounts..................................................... 47
27-20..... Commonwealth etc. not liable to pay wine tax.................................. 47
27-25..... Cancellation of exemptions from wine tax........................................ 48
27-30..... Application of the Criminal Code ..................................................... 48
27-35..... Regulations....................................................................................... 48
Part 7—Interpreting this Act 50
Division 29—Rules for interpreting this Act 50
29-1....... What forms part of this Act............................................................... 50
29-5....... What does not form part of this Act.................................................. 50
29-10..... Explanatory sections, and their role in interpreting this Act.............. 50
Division 31—Meaning of some important concepts 52
Subdivision 31-A—Wine 52
31-1....... Meaning of wine ............................................................................... 52
Subdivision 31-B—Grape wine 53
31-5....... Meaning of grape wine ..................................................................... 53
Subdivision 31-C—Borne wine tax and wine tax borne 53
31-10..... Meanings of borne wine tax and wine tax borne ............................... 53
Subdivision 31-D—Obtaining wine under quote etc. 54
31-15..... Meaning of obtain wine under quote etc........................................... 54
Subdivision 31-E—Approved forms 54
31-20..... Meaning of approved form ............................................................... 54
Division 33—Dictionary 56
33-1....... Dictionary......................................................................................... 56
A Bill for an Act about a tax, relating to certain alcoholic beverages, to implement A New Tax System, and for related purposes