{"id":"C1974L00107","name":"Wool Tax (No. 2) Regulations","slug":"c1974l00107","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"107 of 1974","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":380879,"registerId":"commonwealth-C1974L00107-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Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Wool Tax (No. 2)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.jpeg)\n\nStatutory Rules\n\n1974 No. 107\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-first day of June, 1974.\n\nPAUL HASLUCK\n\nGovernor-General.\n\nBy His Excellency’s Command,\n\nFRANK CREAN\n\nTreasurer.\n\n————\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 1 July 1974.\n\nRepeal.\n\n3. The Wool Tax (No. 2) Regulations (being Statutory Rules 1973, No. 124) are repealed.\n\nPrescribed rate of tax.\n\n4\\.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 2.75 per centum of the sale value of the wool.\n\n\\* Notified in the Australian Government Gazette on 24 June 1974.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1521},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The regulations exercise the precise delegated power under the Wool Tax Act (No. 2) 1964-1973 to prescribe the tax rate. The scope remains strictly limited to setting the specific percentage rate (2.75%) and procedural matters (commencement and repeal), with no expansion beyond the original regulatory intent."},"complexity_factors":["Only 4 sections with minimal text","Single operative provision (regulation 4) containing only a fixed percentage rate","No defined terms, interpretation section, or glossary","No conditional logic, exceptions, or nested provisions","Only one cross-reference (to the parent Act for authority)"],"plain_english_summary":"**What this does:** These regulations set the tax rate for wool sold in Australia.\n\n**Key details:**\n- **Tax rate:** 2.75% of the sale value of wool (meaning $2.75 for every $100 of wool sold)\n- **Who it affects:** Anyone selling wool who is required to pay tax under the Wool Tax Act (No. 2)\n- **Effective date:** 1 July 1974\n- **Previous rules:** Replaces the 1973 Wool Tax Regulations completely\n\n**Why it matters:** This determines exactly how much tax wool sellers must pay to the government. The parent Act allows the government to set the rate via regulations rather than legislation, and this document officially fixes the rate at 2.75%."}},"importantCases":[],"_links":{"self":"/api/acts/c1974l00107","history":"/api/acts/c1974l00107/history","analysis":"/api/acts/c1974l00107/analysis","conflicts":"/api/acts/c1974l00107/conflicts","importantCases":"/api/acts/c1974l00107/important-cases","documents":"/api/acts/c1974l00107/documents"}}