NSW Wine Industry shares some concerns over WET changes

The NSW Wine Industry Association (NSWWIA) have issued a statement saying although the recently announced changes to the Wine Equalisation Tax (WET) had some good intent, certain aspects of the changes were worrying. Tom Ward, NSWWIA president, said the reduction of the cap for WET rebate from the current $500k down to $290k over the next two years was a concerning development.