The Wine Equalisation Tax (WET) was introduced at the same time as the GST to reduce the impact of the removal of sales tax on wine products, and its replacement with a lower rate of GST. The WET was introduced at a rate of 29 per cent on the last wholesale sale value, and applies to grape wine, grape wine products, fruit and vegetable wines, cider, mead and sake. From 1 July 2006 the maximum rebate will be $500 000 per year. For additional information please visit www.ato.gov.au.