Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search


Aussie Wine Industry Gets Huge Tax Break

The Australian wine industry has emerged as huge winner from a generous $A30 million tax break negotiated between the Government and the Australian Democrats. John Howard reports.

Under the deal announced yesterday, small wineries will have all of their wine equalisation tax on cellar-door and mail-order sales refunded.

Large wineries will also retain their exisiting exemptions plus new Commonwealth-funded tax breaks worth about $A12 million.

The wine industry has applauded the announcement, saying it was better than it had expected. The president of the Winemaker's Federation of Australia, Brian Croser, said it was "very, very good news for the wine industry."

Senator Lees said the Democrats always recognised the importance of the wine industry and had vigorously defended it. "These rebate arrangements represent a huge win for small wineries and will provide a major boost to regional tourism in which wineries play a very significant part," she said.

New Zealand wineries, who compete on competitive world markets, will no doubt be considering their position if this is as bad as it looks.

Just what the tax arrangements are for New Zealand wineries is not clear, but then, our tax laws are so complex that they are not able to be properly understood by most New Zealander's.

I'm left wondering what rhetoric the Australian Prime Minister might engage in at the upcoming APEC free-trade talks. Then there is CER arrangements between Australia and New Zealand. How does this new tax break affect that?

I don't have the answers but the New Zealand wine industry surely will.


© Scoop Media

Top Scoops Headlines


Using Scoop Professionally? Introducing ScoopPro

ScoopPro is a new offering aimed at ensuring professional users get the most out of Scoop and support us to continue improving it so that Scoop continues to exist as a public service for all New Zealanders. More>>


Don Rennie: Is It Time To Take ACC Back To First Principles?

The word “investing” has played a major part in the operations of the ACC since 1998... More>>

27-29 Sept: Social Enterprise World Forum Live Blog

1600+ delegates from more than 45 countries have came together to share wisdom, build networks and discuss how to create a more sustainable future using social enterprise as a vehicle. Attending the Forum were social enterprise practitioners, social entrepreneurs, policy makers, community leaders, investors, activists, academics and more from across the globe... More>>

HiveMind Report: A Universal Basic Income For Aotearoa NZ

Results from this HiveMind suggests that an overwhelming majority of Kiwis believe that due to changing circumstances and inefficiencies in the current system, we need a better system to take care of welfare of struggling members in our society. More>>


Scoop Hivemind: Medical Cannabis - Co-Creating A Policy For Aotearoa

Welcome to the fourth and final HiveMind for Scoop’s Opening the Election campaign for 2017. This HiveMind explores the question: what would a fair, humane and safe Medical Cannabis policy look like for Aotearoa, NZ in 2018? More>>