Commonwealth Consolidated Acts

A NEW TAX SYSTEM (WINE EQUALISATION TAX) ACT 1999 - SECT 31.15

  (1)   This section sets out the circumstances in which wine is taken to be obtained by an entity under quote.

  (2)   An entity purchases wine under quote if the entity * quotes on the purchase of the wine, and either:

  (a)   the sale is an * assessable dealing by the seller that is exempted from tax only because of the quote; or

  (b)   on the basis of the quote, the seller agrees to exclude tax from the * price of the wine.

  (3)   An entity locally enters wine under quote if the entity * quotes on the * local entry of the wine and the local entry is exempted from tax only because of the quote.

  (4)   An entity obtains wine under quote if:

  (a)   the entity * purchases, or * locally enters, the wine under quote as described in subsection   ( 2) or (3); or

  (b)   the entity * quotes on a * customs dealing with the wine and the dealing is exempted from tax only because of the quote.