Summary
Amends the: A New Tax System (Wine Equalisation Tax) Act 1999 to: introduce additional eligibility criteria for the wine equalisation tax (WET) producer rebate; provide that a purchaser of wine is only able to claim a WET credit for WET included in the purchase price of that wine if it makes a taxable dealing with the wine; reduce the WET producer rebate cap from $500 000 to $350 000; amend the timing of the application of the associated producers rule; and remove the earlier producer rebate rule; and Income Tax Assessment Act 1997 to provide asset roll-over relief for mandatory transfers within a superannuation fund in the transition to a MySuper product.