{"id":"C1973L00124","name":"Wool Tax (No. 2) Regulations","slug":"c1973l00124","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"124 of 1973","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":380843,"registerId":"commonwealth-C1973L00124-current","compilationNumber":null,"startDate":"2026-04-09","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Wool Tax (No. 2) Regulations","content":"![Commonwealth Coat of Arms of Australia](image.001.png)\n\nStatutory Rules\n\n1973 No. 124\n\nREGULATIONS UNDER THE WOOL TAX ACT (No. 2) 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. 2) 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. 2) REGULATIONS\n\nCitation.\n\n1. These Regulations may be cited as the Wool Tax (No. 2) Regulations.\n\nCommencement.\n\n2\\. These Regulations shall come into operation on 1st July, 1973.\n\nRepeal.\n\n3\\. The Wool Tax (No. 2) Regulations (being Statutory Rules 1970, No. 96) are repealed.\n\nPrescribed rate of tax.\n\n4. For the purposes of paragraph (b) of section 5 of the Wool Tax Act (No. 2) 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":1453},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The regulations remain strictly limited to their original purpose of prescribing the tax rate as authorised by section 5 of the parent Act. The repeal and remake updates the rate without expanding scope."},"complexity_factors":["Only 4 sections total","Single mathematical operation (2.4% of sale value)","No defined terms or interpretation sections","No exceptions, conditions, or procedural requirements","Straightforward repeal of previous instrument"],"plain_english_summary":"These regulations set the specific percentage rate for the tax on wool sales in Australia.\n\n**What it does:**\n- Fixes the wool tax at **2.4%** of the sale value of wool\n- Replaces the previous 1970 regulations\n- Commences operation on 1 July 1973\n\n**Who it affects:**\n- Wool producers and merchants who must pay tax under the Wool Tax Act (No. 2)\n\n**Why it matters:**\nThis determines the exact amount of tax payable on wool transactions. The tax is calculated as 2.4 cents for every dollar of the wool's sale value, affecting the net returns received by wool sellers."}},"importantCases":[],"_links":{"self":"/api/acts/c1973l00124","history":"/api/acts/c1973l00124/history","analysis":"/api/acts/c1973l00124/analysis","conflicts":"/api/acts/c1973l00124/conflicts","importantCases":"/api/acts/c1973l00124/important-cases","documents":"/api/acts/c1973l00124/documents"}}