Section CV 8 — Income Tax Act 2007: Regulations: Australian wine producer rebate

CV 8 Regulations: Australian wine producer rebate Order in Council (1) For the purpose of enabling the Commissioner to administer the entitlement of New Zealand resident wine producers to Australian wine producer rebates for wine produced in New Zealand, the Governor-General may by Order in Council make regulations relating to— (a) the claim by a New Zealand resident wine producer for payment of an Australian wine producer rebate for wine produced in New Zealand that is sold in Australia: (b) the approval or verification of the entitlement of a New Zealand resident wine producer to a payment of an Australian wine producer rebate: (c) any matter necessary to give effect to a provision relating to Australian wine producer rebates in the agreement for the time being in force between the Government of New Zealand and the Government of Australia for the avoidance of double taxation and the prevention of fiscal evasion in relation to taxes on income. Force and effect (2) An Order in Council under subsection (1)— (a) has force and effect despite any provision in this Act or any other Inland Revenue Act: (b) may come into force on or after 1 July 2005: (c) may apply for Australian financial years commencing on or after 1 July 2005. Definitions (3) In this section,— Australian financial year means a year starting on and including 1 July wine has the meaning given in section 31-1 of A New Tax System (Wine Equalisation Tax) Act 1999 (Aust) and regulations made under that Act. Defined in this Act: Australian financial year , Australian wine producer rebate , Inland Revenue Acts , New Zealand resident , pay , wine , Compare: 2004 No 35 s CV 4