Remaking of sunsetting instrument without significant amendments – Department of the Treasury
On 5 September 2019, the Governor-General remade with only minor amendments the A New Tax System (Wine Equalisation Tax) Regulations 2000, which were due to sunset on 1 October 2019. The newly remade A New Tax System (Wine Equalisation Tax) Regulations 2019 are scheduled to sunset on 1 October 2029.
The Regulations support the operation of the Wine Equalisation Tax by:
- permitting, under the Tourist Refund Scheme, refunds of the tax to travellers leaving the indirect tax zone; and
- clarifying the meaning of different wine categories for the purposes of the tax.
Consistent with Government’s best practice regulation requirements for sunsetting instruments, the Treasury has, after consultation with stakeholders, assessed the instrument as operating effectively and efficiently. Therefore, a Regulation Impact Statement is not required for remaking this instrument.