8Allowance for excluded wool in private sale

8.—(1.) For the purposes of the application of this Act in relation to a sale of wool other than a sale at an approved auction, to the Commission or by tender through the agency of a registered seller by tender—

(a) if the percentage ascertained in relation to the sale in accordance with the Second Schedule to this Act is nil—the wool shall be deemed to be all excluded wool;

(b) if the percentage so ascertained is one hundred—the wool shall be deemed to be all wool other than excluded wool; and

(c) in any other case—

(i) the wool shall be deemed to be partly excluded wool and partly other wool; and

(ii) for the purposes of section 14 of this Act, the sale value of the wool other than the excluded wool shall be taken to be a percentage, being the percentage so ascertained, of the sale value of all the wool.

(2.) For the purposes of the application of the Second Schedule to this Act in relation to wool that was scoured or otherwise processed by or on behalf of the producer, the weight of the wool shall be taken to be its weight before it was scoured or otherwise processed, as nearly as that weight can be ascertained.

(3.) Regulations made from time to time under this Act may provide that this section is to have effect as if the Second Schedule to this Act were varied in the manner provided by the regulations or as if a different Schedule were substituted for that Schedule.

(4.) For the purposes of the application of this section in relation to a sale of wool, regard shall be had to the regulations made by virtue of this section that have effect, or are to be deemed to have had effect, on the day of the sale.

(5.) For the purposes of this section, all sales and gifts of wool by the one seller to the one buyer that are made, or agreed to be made, on the one day or as related transactions shall be treated as one sale of all the wool for a price equal to the total of the sale prices, whether or not separate prices are agreed on by the parties.

Persons entitled.