Australian vintage, China whine & hidden icons

Australian vintage, China whine & hidden icons

CHAMPing at the bit CHAMP Private Equity and Accolade Wines continue to generate press interest. The latest news is that CHAMP has appointed Citigroup and Morgan Stanley investment banks to manage the initial public offering of Accolade Wines. Reports are also circulating that CHAMP is meeting various Asian companies/investors to take stakes in the listed Accolade. […]

WA askes, what are the consequences of WET?

WA askes, what are the consequences of WET?

Consequences of WET What will be the wine equalisation tax (WET) reform consequences? According to a report of the same name, commissioned by Wines of West Australia, and compiled by RSM Consulting, there will be “significant impacts on the wine industry in Western Australia with a loss or reduction in the WET rebate”. There are […]

WET reforms are proving weak as water

WET reforms are proving weak as water

WET, weak as water: Its treading water time as far as WET is concerned. The Winemakers Federation is issuing soothing words saying all will be sorted but many wine producers are concerned, they fear the reduction will drive them out of business. We present some of the concerns in the Australian Wine News sector. Queen […]

Budget plan for Australian wine tax

Budget plan for Australian wine tax

WET or weak Apparently Treasurer Scott Morrison did not hand down a 2016-17 budget on May 3, but a plan for the next decade. It’s a plan for the richer end of Australian society. The tax threshold has been raised from $80,000 to $87,000, but those earning less than $80,000 receive no income tax relief. […]