Wine Equalisation Tax reformed

ADJUSTING: Limestone Coast Grape and Wine Council chairman Pete Bissell has welcomed reforms to the Wine Equalisation Tax.

LIMESTONE Coast Grape and Wine Council chairman Pete Bissell has welcomed adjustments to the Wine Equalisation Tax (WET), but flagged restrictions may still impact negatively on regional grape growers.

The Treasury Laws Amendment Bill has passed resulting in wine producers now required to own at least 85pc of the grapes used throughout the wine making process.

The rebate will also be capped at $350,000, down from $500,000.

Mr Bissell said restrictions on eligibility would

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