Handshakes are out and new legislation is in.
With 2018 vintage just around the corner, the release of the 2017 Australian Wine Industry Code of Conduct (the Code) Annual Report is a timely reminder of the need for winemakers and grape growers to ensure their contracts are up to date.
The report is available at http://www.wineindustrycode.org and reports the activity under the Code for 2016-17. The Code provides a common framework for grape supply contracts between grape growers and winemakers.
“Recent changes to WET legislation have highlighted the need for written contracts between grape growers and winemakers,” said Andrew Weeks, Chief Executive of Australian Vignerons. “We urge all members of the industry to consider recognition of the Code within their contracts.”
Tony Battaglene, Chief Executive of the Winemakers Federation of Australia said that “it’s great to see that the Code is effective and can resolve commercial disputes without recourse to expensive and divisive legal action.
“The WET changes mean that in order to be eligible to claim the WET rebate, ownership of the grapes will need to be verified though some form of written agreement,”
“The WET changes mean that in order to be eligible to claim the WET rebate, ownership of the grapes will need to be verified though some form of written agreement,” said Battaglene.
In November 2017, the WFA will be running WET rebate seminars with guest speakers from The Australian Taxation Office and Wine Australia to inform industry of the implications of these changes.
For more information on your local WET Rebate Seminar visit the WFA website here or contact your State Wine Industry Association.