{"id":"C1973L00125","name":"Wool Tax (No. 3) Regulations","slug":"c1973l00125","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"125 of 1973","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":380847,"registerId":"commonwealth-C1973L00125-current","compilationNumber":null,"startDate":"2026-04-09","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Wool Tax (No. 3) Regulations","content":"![Commonwealth Coat of Arms of Australia](image.001.png)\n\nStatutory Rules\n\n1973 No. 125\n\nREGULATIONS UNDER THE WOOL TAX ACT (No. 3) 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. 3) 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. 3) REGULATIONS\n\nCitation.\n\n1\\. These Regulations may be cited as the Wool Tax (No. 3) Regulations.\n\nCommencement.\n\n2. These Regulations shall come into operation on 1st July, 1973.\n\nRepeal.\n\n3\\. The Wool Tax (No. 3) Regulations (being Statutory Rules 1970, No. 97) are repealed.\n\nPrescribed rate of tax.\n\n4. For the purposes of paragraph (b) of section 5 of the Wool Tax Act (No. 3) 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":2139},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The regulations maintain their original narrow purpose of prescribing the statutory tax rate for wool sales under the Wool Tax Act, with no expansion beyond this specific administrative function."},"complexity_factors":["Only four sections in total","Single operative provision setting a fixed mathematical rate (2.4%)","No definitions section or technical legal terminology","Minimal cross-referencing (only one reference to parent Act section 5(b))"],"plain_english_summary":"**What these regulations do**\n\nThese regulations set the amount of tax payable on wool sales in Australia. They establish that sellers must pay tax equal to **2.4% of the sale price** (the sale value) of the wool.\n\n**Who is affected**\n\nPrimarily wool growers and producers who sell wool, as they are responsible for paying this tax on their transactions.\n\n**Key points**\n\n*   **Tax rate**: Fixed at 2.4% of the wool's sale value\n*   **Legal effect**: These rules give specific effect to section 5(b) of the Wool Tax Act (No. 3) 1964-1973 by setting the exact percentage\n*   **Transition**: They replaced the previous 1970 regulations and took effect on 1 July 1973"}},"importantCases":[],"_links":{"self":"/api/acts/c1973l00125","history":"/api/acts/c1973l00125/history","analysis":"/api/acts/c1973l00125/analysis","conflicts":"/api/acts/c1973l00125/conflicts","importantCases":"/api/acts/c1973l00125/important-cases","documents":"/api/acts/c1973l00125/documents"}}