Commonwealth Consolidated Acts

A NEW TAX SYSTEM (WINE EQUALISATION TAX) ACT 1999 - SECT 9.25

             (1)  There are 2 methods for working out the notional wholesale selling price for a * taxable dealing that is either:

                     (a)  a * retail sale of * grape wine; or

                     (b)  an * AOU connected with retail sales of wine that is grape wine.

             (2)  The * half retail price method is used unless you have chosen under subsection (3) to use the * average wholesale price method.

             (3)  You may choose to use the * average wholesale price method if, during the * tax period in respect of which you are liable to pay wine tax on the dealing, at least 10% by value of all your sales of * grape wine that:

                     (a)  is of the same vintage as the grape wine to which the dealing relates; and

                     (b)  is produced from the same grape varieties, or the same blend of grape varieties, as the grape wine to which the dealing relates;

are * wholesale sales.