Commonwealth Consolidated Acts

A NEW TAX SYSTEM (WINE EQUALISATION TAX) ACT 1999 - SECT 9.45

    The notional wholesale selling price for a taxable dealing with wine that is neither:

  (a)   a * retail sale of wine; nor

  (b)   an * AOU connected with retail sales of wine;

is the * price (excluding wine tax and * GST) for which you could reasonably have been expected to sell the wine by wholesale under an arm's length transaction.