Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (WINE EQUALISATION TAX) ACT 1999 - SECT 9.35

The half retail price method

  (1)   The notional wholesale selling price for a * retail sale of * grape wine, worked out using the half retail price method , is 50% of the * price of the sale.

  (2)   The notional wholesale selling price for an * AOU connected with retail sales of grape wine, worked out using the half retail price method , is 50% of the * price for which you would normally have sold the wine if the sale were a * retail sale.



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