The 2017 Federal Budget includes $50 million Export and Regional Wine Support Package and $10 million for Wine Tourism and Cellar Door grants These new initiatives will promote Australian wine in overseas markets and encourage domestic and international tourists to visit our premium wine regions.
In addition, the Wine Equalisation Tax (WET) rebate will be gradually reduced, integrity measures strengthened and eligibility criteria tightened to ensure benefits go to small and medium-sized producers — who were always the intended recipients. The WET rebate cap will be reduced from $500,000 to $350,000 effective from 1 July 2018.
From 1 July 2018, eligible producers will be required to own at least 85 per cent of the grapes used to make wine throughout the winemaking process. The rebate will be limited to wine branded with a registered trademark, and in certain cases to wine branded with a common law trademark. The rebate will also be limited to wine packaged in a container not exceeding five litres for domestic retail sale.
(From Australian Government media release - 13 May 2017)