Pearce wineries to benefit from approval of wine equalisation tax rebates
Posted on Wednesday, 1 September 2004
Member for Pearce Judi Moylan announced today that approved tax changes will provide tax relief of up to $300 million to the Australian wine industry over the next four years.
The changes to the wine equalisation tax system will provide winemakers across Australia with wine equalisation tax rebates of up to $290,000 per annum.
Ms Moylan 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.
Ms Moylan played an instrumental role by chairing a backbench group and coordinating representation for tax changes in Canberra.
“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, northern areas 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.”
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