WHEAT TAX (WAR-TIME).
No. 69 of 1940.
An Act to impose a Tax upon Wheat.
[Assented to 16th December, 1940.]
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 (War-time) Act 1940.
Commencement.
2.This
Act shall come into operation on the day on which it receives the Royal Assent.
Incorporation.
3.The
Wheat Tax (War-time) Assessment Act 1940
shall be incorporated and read as one with this Act.
Imposition of tax.
4.A
tax is imposed upon all wheat harvested in Australia on or after the first day
of October, One thousand nine hundred and forty-one which is acquired by the
Commonwealth.
Rate of tax.
5.The
rate of tax per bushel of wheat shall be fifty per centum of the amount by
which the price per bushel of wheat exceeds Three shillings and tenpence.
Duration of Act.
6.