Budget 2016: Wine Equalisation Tax to stop flood of cheap wine

The wine industry will benefit from changes to the Wine Equalisation Tax and funding for the promotion of Australian wine here and overseas, with spirit producers also gaining from an extension of the excise refund scheme. The changes to the WET, details of which were leaked to The Australian last week, are expected to reform a system which has incentivised large producers, including the big supermarket chains, to flood the market with poor-quality wine