WHEAT TAX.
No. 52 of 1938.
An Act to
impose a Tax upon Wheat grown in Australia and sold to a Wheat Merchant.
[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 Wheat Tax 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, eleven, twelve, fourteen, fifteen,
sixteen, seventeen, twenty-three, twenty-four, twenty-five, twenty-six and
sub-section (1.) of section eighteen, shall be incorporated and read as one
with this Act.
Imposition of tax.
4.A
tax is imposed upon wheat grown in Australia and, on or after a date to be
fixed by Proclamation, sold to a wheat merchant.
Rate of tax.
5.—(1.) The rate of tax, not in any case exceeding One
shilling per bushel of wheat, shall be such rate per bushel of wheat as the
Minister, from time to time, and in accordance with a recommendation by the
Committee, declares, by notice published in the Gazette, to be the amount which bears the same proportion to the
excess of the price of a bushel of wheat free on rails at Williamstown, in the
State of Victoria, at the time of the recommendation by the Committee, over
Five shillings and twopence as the quantity of wheat which, in the opinion of
the Committee, will be consumed in Australia (whether as wheat or as products
derived from wheat) during the twelve months following the preceding first day
of October bears to the total crop which, in the opinion of the Committee, will
be harvested during that period.
(2.) For the purposes of this section, “the
Committee” means the Wheat Stabilization Advisory Committee constituted under
the Wheat Industry Assistance Act 1938