{"id":"C1970L00095","name":"Wool Tax (No. 1) Regulations","slug":"c1970l00095","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"95 of 1970","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":380796,"registerId":"commonwealth-C1970L00095-current","compilationNumber":null,"startDate":"2026-04-09","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Wool Tax (No. 1) Regulations","content":"STATUTORY RULES\n\n1970 No.\n\nREGULATIONS UNDER THE WOOL TAX ACT (No. 1) 1964.\\*\n\nI, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Wool Tax Act (No. 1) 1964.\n\nDated this twenty-ninth day of July, 1970.\n\nPaul Hasluck\n\nGovernor-General.\n\nBy His Excellency’s Command,\n\nSgd. Leslie Bury\n\nTreasurer.\n\nWOOL TAX (No. 1) REGULATIONS.\n\nCitation.\n\n1. These Regulations may be cited as the Wool Tax (No. 1) Regulations.\n\nRepeal.\n\n2. The Wool Tax (No. 1) Regulations (being Statutory Rules 1964, No. 66) are repealed.\n\nPrescribed rate of tax.\n\n3. For the purposes of paragraph (b) of section 5 of the Wool Tax Act (No. 1) 1964, the rate of the tax in respect of the period commencing on the first day of August, 1970, and ending on the thirtieth day of June, 1973, is one per centum of the sale value of the wool.\n\n\\* Notified in the Commonwealth Gazette on , 1970.\n\nPrinted by Authority by the Government Printer of the Commonwealth of Australia\n\n16781/70—Price 5c 10 6.7.1970","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1078},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The regulations remain strictly limited to setting the prescribed rate of wool tax for the authorised period, functioning exactly as contemplated by the enabling Wool Tax Act (No. 1) 1964."},"complexity_factors":["Only 3 operative sections","Single mathematical calculation (1% of sale value)","Fixed date range with no conditional extensions or review mechanisms","Only one cross-reference (to section 5 of the parent Act)","No defined terms or interpretation section"],"plain_english_summary":"**What this does:**\nThese regulations set the rate of tax on wool sales at **1% of the sale value** for a specific three-year period.\n\n**Who it affects:**\nWool producers and sellers in Australia transacting between **1 August 1970 and 30 June 1973**.\n\n**Key changes:**\n- Repeals the previous 1964 Wool Tax Regulations\n- Fixes the tax rate at exactly 1% (one per centum) of the wool's sale price\n- Applies only to the specified date range\n\n**Why it matters:**\nThis determines the tax burden on wool sales during the early 1970s. The \"sale value\" refers to the price the wool actually sells for, so the tax scales with market prices."}},"importantCases":[],"_links":{"self":"/api/acts/c1970l00095","history":"/api/acts/c1970l00095/history","analysis":"/api/acts/c1970l00095/analysis","conflicts":"/api/acts/c1970l00095/conflicts","importantCases":"/api/acts/c1970l00095/important-cases","documents":"/api/acts/c1970l00095/documents"}}