Wheat Tax Act 1979 (Cth)

Wheat Tax Act 1979

No. 171 of 1979

An Act to impose a tax upon certain wheat sold by the Australian Wheat Board.

BE IT ENACTED by the Queen, and the Senate and House of Representatives of the Commonwealth of Australia, as follows:

Short title

1. This Act may be cited as the Wheat Tax Act 1979.

Commencement

2. This Act shall be deemed to have come into operation on 1 October 1979.

Interpretation

3. In this Act, unless the contrary intention appears—

“Board” means the Australian Wheat Board;

“tax” means tax imposed upon wheat by this Act;

“season” means the period of 12 months that commenced on 1 October 1979 and each of the next 6 succeeding periods of 12 months;

“wheat” means wheat harvested during a season, but does not include wheat on which tax has been imposed by the Wheat Tax Act 1957.

Imposition of tax on wheat

4. A tax is imposed, and shall be levied and paid, upon wheat that is sold by the Board.

Rate of tax

5. The rate of the tax is a rate equal to the rate of tax in force, from time to time, under the Wheat Tax Act 1957.

Tax payable by the Board

6. (1) The amount of tax in respect of any wheat is a debt due to the Commonwealth by the Board.

(2) Amounts of tax payable by the Board shall be paid in quarterly instalments in respect of wheat sold by the Board during the periods of 3 months ending respectively on the first days of January, April, July and October in each year, and the payment in respect of each such period shall be made within 14 days after the end of the period.

Deduction of tax

7. The Board may deduct from the amount payable by it for wheat upon which tax is imposed an amount equal to the amount of tax payable upon that wheat.