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This Act has been repealed and is no longer in force. It is retained for historical reference.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

109 of 1974

Collection

legislative instrument

Plain English Summary

1/10 complexity

These regulations fix the amount of tax payable on wool sales for the 1974 financial year.

What it does

Sets the wool tax at 2.75% of the sale value of the wool.
Replaces the previous year's regulations (from 1973).
Takes effect on 1 July 1974.

Who it affects

Wool growers and anyone selling wool in Australia.
Wool brokers who collect the tax on behalf of the government.

Why it matters This rate determines how much money is collected from the wool industry. The revenue typically funds industry research, marketing, or promotion activities (depending on the specific Wool Tax Act being referenced).

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Current sections

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

Wool Tax (No. 4) Regulations

Commonwealth Coat of Arms of Australia

Statutory Rules

1974 No. 109

REGULATIONS UNDER THE WOOL TAX ACT (No. 4) 1964-1973.*

I, THE GOVERNOR-GENERAL of Australia, acting with the advice of the Executive Council, hereby make the following Regulations under the Wool Tax Act (No. 4) 1964-1973.

Dated this twenty-first day of June, 1974.

PAUL HASLUCK

Governor-General.

By His Excellency’s Command,

FRANK CREAN

Treasurer.

_______

WOOL TAX (No. 4) REGULATIONS

Citation.

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

Commencement.

2. These Regulations shall come into operation on 1 July 1974.

Repeal.

3. The Wool Tax (No. 4) Regulations (being Statutory Rules 1973, No. 126) are repealed.

Prescribed rate of tax.

For the purposes of paragraph (b) of section 5 of the Wool Tax Act (No. 4) 1964-1973 the rate of tax is 2.75 per centum of the sale value of the wool.

* Notified in the Australian Government Gazette on 24 June 1974.

Source text

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

1 Wool Tax (No. 4) Regulations