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Tag: Wine

WET REFORMS NOW ENACTED – TOP FIVE ISSUES WITH REFORMS

Summary New eligibility criteria for claiming producer rebates and new quoting/WET credit rules will apply to the 2018 vintage. New 85% ownership requirement will apply to 2017 and earlier vintages…

Wine Road Show – Postscript

Fortified wines in process of being manufactured prior to 1 January 2018 Given the breadth and complexity of issues involved with the WET reforms, combined with the very limited allotment…

WET Rebate Reform – What it means!

In the May 2016 Budget, the Turnbull Government announced significant proposed reforms to the Wine Equalization Tax (WET) Rebate. On 2 December 2016—after extensive consultation with the wine industry—the Government…

Jamies Italian – A Timely Reminder of Insolvency Risk in the Hospitality Industry

On 28 June 2016, receivers and managers were appointed to the Keystone Hospitality Group. A number of well-known bars, pubs and restaurants owned by Keystone were subject to this appointment,…

WET Reform – Federal Budget 2016

The WET producer rebate has survived the May 2016 Federal Budget but will be removed from bulk wine and phased down to $290,000 per annum. Much stricter eligibility criteria will…

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