Today I was one of only two Members of the House of Representatives to vote against the Federal Government’s changes to the Wine Equalisation Tax (WET) rebate.
These changes will unfairly impact Tasmanian wine producers. Indeed the lowering of the WET producer rebate cap from $500,000 to $350,000 will result in small wineries being worse off by an average of $50,000.
The Government needs to understand that Tasmania has many smaller wine producers and these changes, which will overwhelmingly benefit the big producers on the mainland, will therefore disproportionately affect Tasmania.
In addition to a direct financial impact the changes are also a disincentive to smaller wineries expanding.
It was disappointing that the Tasmanian Liberal and Labor MPs did not raise this or do anything to secure a fairer deal for Tassie producers.