Budget 2004 - Moylan secures Wine Equalisation Tax rebate for Pearce wineries
Posted on Wednesday, 12 May 2004
Smaller Pearce wineries are winners after a tremendous windfall in May, which saw a nation-wide rebate for wine producers, in the Federal Budget.
Member for Pearce Judi Moylan has been working with the Winemakers' Federation of Australia Executive to secure reductions, which she said would particularly benefit the smaller producers.
Ms Moylan said the Australian Government would rebate $290,000 to every wine producer from 1 October, 2004, to offset the Wine Equalisation Tax (WET) on up to $1 million per annum of their domestic wholesale sales.
She said the changes would provide significant benefits to small wine producers in rural and regional Australia and effectively exempt 90 per cent of wine producers from the WET.
“I was pleased to work with the executive of the Winemakers' Federation of Australia which produced excellent data to support the claim for a WET tax reduction,” Ms Moylan said.
“These measures will have a positive impact on regions across Australia which rely on wine production and tourism.
“It will be very welcome by the many boutique and family-run wineries in the Swan Valley and the hills, in my electorate of Pearce.
“Wine tourism has become very popular and is the mainstay of areas such as the Swan Valley and the hills in Western Australia.
“I was very pleased that 45 Members and Senators supported the changes to the Wine Equalisation Tax by signing a letter to the Prime Minister.”
She said the sector supported about 57,000 jobs, with 30,000 directly employed, mainly in regional areas.
“This is a much more equitable tax for winemakers,” she said.