FLOUR TAX (STOCKS).
No. 50 of 1938.
An Act to
impose a Tax upon Flour held in Stock on the Fifth day of December, One
thousand nine hundred and thirty-eight, by any Person, not being the
Manufacturer of that Flour.
[Assented to 2nd December, 1938.]
BE it enacted by the King’s Most Excellent
Majesty, the Senate, and the House of Representatives of the Commonwealth of
Australia, as follows:—
Short title.
1.This
Act may be cited as the Flour Tax (Stocks) Act 1938.
Commencement.
2.This
Act shall come into operation on the day on which it receives the Royal Assent.
Incorporation.
3.The
Flour Tax (Wheat Industry Assistance) Assessment
Act 1938, other than sections ten, twelve, thirteen, fifteen, seventeen,
eighteen, nineteen, twenty-four, twenty-five, and twenty-six, shall be
incorporated and read as one with this Act.
Imposition of tax.
4.A
tax is imposed upon all flour in excess of one thousand pounds in weight held
in stock on the fifth day of December, One thousand nine hundred and thirty-eight
by any person, not being the manufacturer of that flour.
Rate of tax.
5.—(1.) The
rate of tax, not in any case exceeding Seven pounds ten shillings per ton of
flour, shall be such rate per ton of flour as the Minister, in accordance with
a recommendation by the Committee, declares, by notice published in the Gazette, to be the amount by which the
price per ton of flour based upon the price of wheat per bushel free on rails
at Williamstown in the State of Victoria, at the time of the recommendation by
the Committee, is less than what, in the opinion of the Committee, the price of
flour would be if the price of wheat per bushel free on rails at Williamstown
were Five shillings and twopence.
(2.) For the purposes of this section, “the Committee”
means the Wheat Stabilization Advisory Committee constituted under the Wheat Industry Assistance Act 1938