Glass raised to tax rebate
Wines of Western Australia chairman Redmond Sweeny says the organisation is pleased the integrity of the Wine Equalisation Tax rebate has been addressed and improved on.
“The Australian Wine industry asked the Government to restore the intent of the rebate,” he said.
The Snake and Herring co-owner also said the original announce- ment by the Coalition Government in the 2016 Budget would have had a destabilising effect on the WA wine industry as the original announcements had a disproportional impact on our State.
“When it was first announced… those conditions would have been quite devastating for wine producers,” he said.
“As a State, we fought tooth and nail to refocus the rebate; we wanted it refocused not cut but the reduction in the rebate cap we saw as unnecessary.”
Mr Sweeny said approval of a cellar door rebate as part of a refocused rebate was a success that came out of discussions with Senator Anne Ruston and with assistance from local member Nola Marino and WA Senators Mattias Cormann and Dean Smith.
However, Mr Sweeny said once the changes were implemented, it would be essential to see how they were working in practice.
“I think the next step is to understand how differing wine taxation policies affects our local economy,” he said.
“We need to be working on understanding the economic impact of taxation changes on regional communities.”
Margaret River Wine Association referred Times queries to Wines of WA.