Wet Rebate Submission

Riverland Wine first researched the pros and cons of the Wine Equalisation Tax Rebates (WET) in 2012.  Those investigations revealed the ‘unintended consequences’ of the WET program, designed to benefit regions and communities, were impacting negatively on Riverland wine export prices and in turn on this region’s growers.

 

Rather than whinge and whine, Riverland Wine entered discussion forums with peak industry bodies, provided financial support for more detailed research to be undertaken on behalf of industry by Price Waterhouse Coopers (PwC) and began lobbying for the progressive withdrawal of the rebate.  Indeed RIVERLAND WINE first wrote to the Winemakers Federation in November 2013.  The rest is history.  Industry observers and readers of this column are well aware of the range of views presented by all sides of industry, including at last year’s Senate enquiry hearing in Adelaide.  Any stakeholder, wanting or needing to express a point of view has had every opportunity.

The final chapter began in May of this year when the Federal government announced its plans to remove the rebate from bulk and unbranded wine and to reduce the amount that anyone producer could claim from $500K per annum back to the original limit of $290K per annum.  Readers may recall the Riverland Wine piece written at the time: The Good the Bad and the Ugly.

In recent weeks, Minister Ruston has traversed the continent, consulting yet again with stakeholders who felt they had been overlooked.  All players were granted one more chance to make a submission by close of business on Friday of last week.  Riverland Wine took the opportunity and made a submission.  Members are welcome to logon to the Riverland Wine website to read it (www.riverlandwine.com.au). 

In recent weeks, Minister Ruston has traversed the continent, consulting yet again with stakeholders who felt they had been overlooked.  All players were granted one more chance to make a submission by close of business on Friday of last week.  Riverland Wine took the opportunity and made a submission.  Members who would like to read it can email Riverland Wine for a copy.

 

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