{"id":"C1973L00127","name":"Wool Tax (No. 5) Regulations","slug":"c1973l00127","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"127 of 1973","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":380853,"registerId":"commonwealth-C1973L00127-current","compilationNumber":null,"startDate":"2026-04-09","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Wool Tax (No. 5) Regulations","content":"![Commonwealth Coat of Arms of Australia](image.001.png)\n\nStatutory Rules\n\n1973 No. 127\n\nREGULATIONS UNDER THE WOOL TAX ACT (No. 5) 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. 5) 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. 5) REGULATIONS\n\nCitation.\n\n1\\. These Regulations may be cited as the Wool Tax (No. 5) Regulations.\n\nCommencement.\n\n2\\. These Regulations shall come into operation on 1st July, 1973.\n\nRepeal.\n\n3. The Wool Tax (No. 5) Regulations (being Statutory Rules 1970, No. 99) are repealed.\n\nPrescribed rate of tax.\n\n4\\. For the purposes of paragraph (b) of section 5 of the Wool Tax Act (No. 5) 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":1760},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The regulations strictly adhere to the scope of the enabling Wool Tax Act (No. 5) 1964-1973, performing the specific function of prescribing the tax rate as authorized by section 5 of that Act. No expansion beyond the original legislative intent is evident."},"complexity_factors":["Only 4 operative provisions covering citation, commencement, repeal and rate-setting","Single substantive provision prescribing a fixed numerical percentage (2.4%)","No definitions section or interpretation provisions","No conditional logic, exceptions, or internal cross-references"],"plain_english_summary":"**What it does**\n\nThese regulations set the rate of tax payable on wool sales in Australia at **2.4%** (stated as \"two and four-tenths per centum\") of the wool's sale value. They replace the previous 1970 regulations and take effect from 1 July 1973.\n\n**Who it affects**\n\nPrimarily **wool growers** and primary producers who sell wool. The tax is calculated as a percentage of the sale price received when wool is sold.\n\n**Why it matters**\n\nThis determines the amount of tax deducted from wool sale proceeds, directly reducing the net income received by wool producers. The rate prescribed here (2.4%) is the specific tax burden applied to each wool transaction covered by the Wool Tax Act (No. 5) 1964-1973."}},"importantCases":[],"_links":{"self":"/api/acts/c1973l00127","history":"/api/acts/c1973l00127/history","analysis":"/api/acts/c1973l00127/analysis","conflicts":"/api/acts/c1973l00127/conflicts","importantCases":"/api/acts/c1973l00127/important-cases","documents":"/api/acts/c1973l00127/documents"}}