Wine Industry Remains Angry About WET Changes

THE HON JOEL FITZGIBBON MP
SHADOW MINISTER FOR AGRICULTURE, FISHERIES AND FORESTRY
SHADOW MINISTER FOR RURAL AND REGIONAL AUSTRALIA
SPOKESPERSON FOR COUNTRY CAUCUS
MEMBER FOR HUNTER

Consultations with Australia’s wine industry confirm on-going anger at the Government’s failure to consult over its proposed changes to the Wine Equalisation Tax Rebate.

In the 2016 Budget, the Turnbull Government announced two major changes to WET rebate arrangements. It plans to:

1. Reduce the rebate cap from $500,000 to $350,000

2. Declare only wine producers with a financial interest in a winery can claim the rebate

The first change is a revenue grab which will hit the bottom line of winemakers hard.

The second measure is sold as one designed to prevent rorting but will hit hard honest grape growers who sell wine under their own label produced by a contracted winery.

Like the backpacker tax, the Government has failed to consult and poor policy is the outcome.

It’s time for this Government to undertake some meaningful discussion with those who are the backbone of our wonderful wine industry.

CONTACT: NATASA SIKMAN 0467 550 065