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Tax rebate for wineries.



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MEDIA RELEASE

 

HON WARREN TRUSS MP

MINISTER FOR AGRICULTURE, FISHERIES AND FORESTRY

 

1 September, 1999

 

 

TAX REBATE FOR WINERIES

 

 

Boutique and smaller wineries will be the major beneficiaries from the Government’s decision to allow a 29% tax rebate on cellar door sales up to $300,000.

 

Federal Agriculture Minister, Warren Truss, said the Government has guaranteed full funding for existing State Government rebate schemes. The States will be able to continue existing rebate schemes and do even more if they choose.

 

‘This means the wineries will continue to receive the 15% rebate on cellar door and mail order sales as well as a 14% rebate up to the $300,000 limit,” he said.

 

“In effect 77% of wineries will have a full Wine Equalisation Tax exemption on their cellar door and mail order sales.

 

‘This will help to provide security and stability in one of the nation’s fastest growing agricultural industries.”

 

The Federal Government recognises that the wine industry is becoming one of Australia’s most important agricultural and tourist industries, providing real and sustainable growth for regional Australia.

 

‘The wine industry, as a value-added industry, is providing tremendous job opportunities in rural and regional Australia and the Government recognises that these measures will particularly assist smaller and boutique wineries.

 

‘The Government is determined that these industries be encouraged to demonstrate the imagination and innovation that has developed a significant market in Australia and internationally.

 

“Since becoming Minister, I have held several meetings with wine producers and I continue to be impressed with their determination to expand and further develop their industry.

 

“Only last month I was pleased to take part in the announcement that the industry had achieved $1 billion in exports annually for the first time.

 

‘This export achievement was planned, but achieved a year ahead of time.

 

‘This decision, which gives effect to the outcome negotiated with the Democrats in June, is further welcome news for the vibrant and growing Australian wine industry.”

 

Andrew Hall Media Adviser 02 6277 7520 0419 996 766

 

 

al  1999-09-03  10:46