Commonwealth legislation

Wool Industry (Apportionment of Wool Tax) Regulations

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

146 of 1985

Collection

legislative instrument

Plain English Summary

1/10 complexity

This regulation sets the rules for splitting wool tax revenue between three industry funds. When wool tax is collected, it divides the money as follows:

0.5% goes to the Wool Industry Fund (to cover administrative costs)
2.5% goes to the Australian Wool Corporation (for marketing and promoting wool)
5% goes to the Australian Wool Research and Promotion Organisation (for research)

These fixed percentages determine how much of the tax paid on wool sales is directed to each specific purpose under the Wool Industry Act 1972.

JSON API Tax / GST / superannuation

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Current sections

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Wool Industry (Apportionment of Wool Tax) Regulations

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Statutory Rules 1985 No. 1461

Wool Industry (Apportionment Of Wool Tax) Regulations

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and pursuant to section 4 of the Acts Interpretation Act 1901, and after taking into consideration the recommendations made to the Minister of State for Primary Industry by the Wool Council of Australia with respect to the percentages to be prescribed for the purposes of paragraph 68 (1) (a), sub-section 83(1) and sub-section 84A (1) of the Wool Industry Act 1972, hereby make the following Regulations under that Act.

Dated 21 June 1985.

N. M. STEPHEN Governor-General

By His Excellency’s Command,

PETER MORRIS

Minister of State for Transport
for and on behalf of the
Minister of State for Primary Industry

Citation

These Regulations may be cited as the Wool Industry (Apportionment of Wool Tax) Regulations.

Interpretation

In these Regulations, “the Act” means the Wool Industry Act 1972 .

Prescribed percentages

(1) For the purposes of paragraph 68 (1) (a) of the Act, the prescribed percentage is 0.5%.

(2) For the purposes of sub-section 83 (1) of the Act, the prescribed percentage is 2.5%.

(3) For the purposes of sub-section 84A (1) of the Act, the prescribed percentage is 5%.

Note: NOTES

Note: 1. Notified in the Commonwealth of Australia Gazette on 28 June 1985.

Source text

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

1 Wool Industry (Apportionment of Wool Tax) Regulations