{"id":"C1973L00123","name":"Wool Tax (No. 1) Regulations","slug":"c1973l00123","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"123 of 1973","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":380841,"registerId":"commonwealth-C1973L00123-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Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Wool Tax (No. 1)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":"![Commonwealth Coat of Arms of Australia](image.001.png)\n\nStatutory Rules\n\n1973 No. 123\n\nREGULATIONS UNDER THE WOOL TAX ACT (No. 1) 1964-1973.\\*\n\nI, THE GOVERNOR-GENERAL of Australia, acting with the advice of the Executive Council, hereby make the following Regulations under the Wool Tax Act (No. 1) 1964-1973.\n\nDated this twenty-seventh day of June, 1973.\n\nPAUL HASLUCK\n\nGovernor-General.\n\nBy His Excellency’s Command,\n\nFRANK CREAN\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\nCommencement.\n\n2. These Regulations shall come into operation on 1st July, 1973.\n\nRepeal.\n\n3. The Wool Tax (No. 1) Regulations (being Statutory Rules 1970, No. 95) are repealed.\n\nPrescribed rate of tax.\n\n4. For the purposes of paragraph (b) of section 5 of the Wool Tax Act (No. 1) 1964-1973 the rate of tax is two and four-tenths per centum of the sale value of the wool.\n\n\\* Notified in the Commonwealth Gazette on 29 June 1973.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2690},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This is the original 1973 regulation made under the Wool Tax Act (No. 1) 1964-1973. It performs the specific function authorized by section 5(b) of the parent Act (setting the prescribed rate of tax) and does not deviate from or expand beyond the intended scope of the enabling legislation."},"complexity_factors":["Only 4 short sections","Single operative provision setting a fixed percentage rate","No defined terms or interpretation section","No conditional logic, exceptions, or procedural steps","Only one straightforward cross-reference to the parent Act"],"plain_english_summary":"These regulations set the **wool tax rate at 2.4%** of the sale value.\n\n**Key points:**\n- **What it does**: Replaces the 1970 rules and fixes the tax rate that applies when wool is sold. The tax is calculated as 2.4% (written as \"two and four-tenths per centum\") of the sale price.\n- **Who pays**: Wool producers (growers) and sellers in Australia. The tax is levied under the Wool Tax Act (No. 1) 1964-1973.\n- **Why it matters**: This rate determines how much money is collected from wool sales to fund industry activities—typically wool promotion, research, or market stabilization schemes. The 2.4% figure represents the government's policy setting for industry contributions during this period.\n\nIn short, if you sold wool in Australia, this regulation meant 2.4% of the proceeds went to the tax office for wool industry funding."}},"importantCases":[],"_links":{"self":"/api/acts/c1973l00123","history":"/api/acts/c1973l00123/history","analysis":"/api/acts/c1973l00123/analysis","conflicts":"/api/acts/c1973l00123/conflicts","importantCases":"/api/acts/c1973l00123/important-cases","documents":"/api/acts/c1973l00123/documents"}}