Commonwealth legislation

Wool Tax (No 4) Regulations

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

98 of 1970

Collection

legislative instrument

Plain English Summary

1/10 complexity

These regulations set a 1% tax on the sale value of wool in Australia.

What this does:

Replaces the previous 1964 regulations
Fixes the tax rate at 1% of the sale value of wool sold
Applies to wool sold between 1 August 1970 and 30 June 1973

Who it affects:

Wool producers and sellers subject to the Wool Tax Act (No. 4) 1964

Why it matters: This determines the tax liability for wool growers during this three-year period. The regulations operate under the parent Act (which authorizes the tax) by prescribing the specific percentage rate for this fixed timeframe.

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Current sections

Direct links to the current provisions in Wool Tax (No 4) Regulations.

Wool Tax (No 4) Regulations

STATUTORY RULES

1970 No.

REGULATIONS UNDER THE WOOL TAX ACT (No. 4) 1964.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Wool Tax Act (No. 4) 1964.

Dated this twenty-ninth day of July, 1970.

Paul Hasluck

Governor-General.

By His Excellency’s Command,

Sgd. Leslie Bury

Treasurer.

WOOL TAX (No. 4) REGULATIONS.

Citation.

These Regulations may be cited as the Wool Tax (No. 4) Regulations.

Repeal.

2. The Wool Tax (No. 4) Regulations (being Statutory Rules 1964, No. 69) are repealed.

Prescribed rate of tax.

For the purposes of paragraph (b) of section 5 of the Wool Tax Act (No. 4) 1964, the rate of the tax in respect of the period commencing on the first day of August, 1970, and ending on the thirtieth day of June, 1973, is one per centum of the sale value of the wool.

* Notified in the Commonwealth Gazette on 1970.

Printed by Authority by the Government Printer of the Commonwealth of Australia

16784/70—Price 5c 10/6.7.1970

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Wool Tax (No 4) Regulations