Australia: Consultations on draft legislation providing tax relief for alcohol producers, amendment to petroleum resource rental tax
Consultations close September 22, 2025, and October 3, 2025
As part of the government's commitment in the 2025-26 budget, Treasury released for consultation draft legislation on tax relief for alcohol producers:
- Treasury Laws Amendment Bill 2025: Increased Wine Equalization Tax Producer Rebate would increase the maximum amount of rebates an eligible wine producer, or a group of associated wine producers, can claim in each financial year from $350,000* to $400,000 from July 1, 2026.
- Excise Amendment (Remission Increase for Distillers and Brewers) Regulations 2025 would increase the maximum amount of remission an eligible alcohol manufacturer may be entitled to per financial year to $400,000 in relation to certain alcoholic beverages for home consumption on or after July 1, 2026.
The consultation closes September 22, 2025.
In addition, Treasury released draft legislation (Treasury Laws Amendment Bill 2025) implementing a recommendation from the government's 2017 review of the petroleum resource rental tax (PRRT). In particular, the legislation would give the Commissioner of Taxation the power to make a continuation determination in relation to a petroleum project that has ceased to allow a later project access to assessable receipts derived, deductible expenditure incurred, and, in limited circumstances, tax paid in relation to the ceased project.
The consultation closes October 3, 2025.
*$=Australian dollar