Commonwealth Consolidated Acts

A NEW TAX SYSTEM (WINE EQUALISATION TAX) ACT 1999 - SECT 9.5

             (1)  The general rules for calculating the taxable value are set out in the * Assessable Dealings Table.

             (2)  In some cases, the * Assessable Dealings Table refers to the * notional wholesale selling price as the * taxable value. Subdivision 9‑B sets out how to work out the notional wholesale selling price.

             (3)  In some cases, amounts must be added to the amount set out in the * Assessable Dealings Table. These additions are set out in Subdivision 9‑C.

             (4)  In working out the * taxable value of wine, any rebate, refund or other payment or credit made by a State or Territory in respect of the wine is to be disregarded.