4566432152_500x265

 

WET Rebate

On 5 May 2015 the Assistant Treasurer announced that the Treasury had been asked to prepare a discussion paper examining the Wine Equalisation Tax Rebate (WET rebate).  This paper forms part of the Tax White Paper process and will help inform the conversation on taxation reform.

The WET rebate provides wine producers with a rebate of up to $500,000 per year.  The rebate was intended to provide support to the wine industry by reducing, and in some cases eliminating, Wine Equalisation Tax liabilities.  This paper provides an opportunity to consider the current operation of the WET rebate, and seeks input on a range of possible ways to sustainably support the wine industry into the future.

Submissions closed on 11 September 2015 and WGGA made a joint submission with WFA.

 

Read Joint WGGA/WFA Submission to the WET Rebate Discussion Paper  (September 2015)

Read the accompanying News Release

Visit The Treasury website to learn more.

 

Senate Inquiry into the Australian Wine Industry

On 25 March 2015, the Senate moved that an inquiry be undertaken into the Australian grape and wine industry.

The Rural and Regional Affairs and Transport References Committee called for submissions, which closed on 22 May 2015.

The WGGA submission focuses primarily on an analysis of market failure in the wine value chain – specifically as a result of deficiencies in the commercial practices between wine companies and winegrape growers.

The final report is expected to be released on 11 November 2015.

 

Read WGGA’s Submission to the Senate Inquiry  (June 2015)

Visit the Parliament of Australia website to learn more about the inquiry.

Tax Reform

The Treasurer opened the conversation on tax by releasing the tax discussion paper on 30 March 2015.  The aim is to reshape the Australian tax system to deliver taxes that are lower, simpler and fairer.

The government sought submissions and suggestions on the issues outlined in the discussion paper and these closed on 1 June 2015.

WGGA’s submission focuses entirely on the wine taxes.  Specifically, it relates in the first instance to the merits of an ad valorem versus volumetric basis to wine taxes and secondly, the Producer Rebate, which is more commonly referred to the as the ‘WET rebate’.

 

Read WGGA’s Submission to the Tax White Paper  (May 2015)

Visit the Better Tax website to learn more about the review and to view the non-confidential submissions made.

Agricultural Competitiveness

In late 2013, the Australian Government sought submissions to inform a White Paper being prepared during 2014 on the productivity and profitability of Australian agriculture.  A Taskforce was established to prepare the White Paper and conduct consultations.

The White Paper is intended to drive the agricultural policies of the government and ensure Australia’s agriculture sector remains a significant contributor to the economy and local communities.

 

Read WGGA’s Submission to the Agricultural Competitiveness White Paper  (April 2014)

Visit the Agricultural Competitiveness White Paper website to learn more.

 

In October 2014 the Australian Government released the Agricultural Competitiveness Green Paper and asked everyone in agriculture to have their say on a range of new proposals and policy suggestions.
National Agricultural Statistics Review

The National Agricultural Statistics Review (NASR) is a joint project between the Australian Bureau of Statistics (ABS) and the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).

The NASR will consider all aspects of the Australian agricultural statistical information systems and these systems’ ability to inform decision-making.  It seeks to identify opportunities to improve systems and develop a framework for ongoing assessment, coordination and governance of information needs into the future.

The Review aims to identify:

  • the priority information needs of stakeholders
  • where information needs are not being met by existing sources of data
  • overlaps and inconsistencies in data, and
  • opportunities for efficiency in the national agricultural statistical information system.

 

Read WGGA’s Submission to the National Agricultural Statistics Review  (February 2014)

Visit the ABS website to learn more about the review.