WOOL
TAX (No. 1).
No. 38 of 1952.
An
Act to impose a Tax upon certain Wool produced in Australia.
[Assented
to 17th June, 1952.]
BE
it enacted by the Queen’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 Wool Tax Act (No. 1) 1952.
Commencement.
2.This Act shall come into
operation on the first day of July, One thousand nine hundred and fifty-two.
Act
to be read with Assessment Act.
3. The Wool Tax Assessment Act 1936–1952 shall be read as one with this
Act.
Imposition
of tax.
4.A tax is imposed on all
wool—
(a) produced in Australia; and
(b)on or after the day on which this Act comes into operation, received by a wool-broker
or dealer.
Rates
of tax up to 30th June, 1953.
5.The rates of tax on wool
received by a wool-broker or dealer on or before the thirtieth day of June, One
thousand nine hundred and fifty-three, are the rates specified in the First
Schedule to this Act.
Rates
of tax from 1st July, 1953.
6.—(1.) The rates of tax on wool received by a
wool-broker or dealer on or after the first day of July, One thousand nine
hundred and fifty-three, shall be such rates as are from time to time
prescribed.
(2.) The rates of tax prescribed under the last
preceding sub-section shall be not less than the rates specified as minimum
rates in the Second Schedule to this Act and not greater than the rates
specified as maximum rates in that Schedule.
Regulations.
7.—(1.) The Governor-General may make regulations,
not inconsistent with this Act, for prescribing the rates of tax in accordance
with the last preceding section.
(2.) Before making regulations under this
section, the Governor-General shall take into consideration any recommendations
with respect to the rates of the tax made to the Minister by the Board after
consultation between the members of the Board appointed to the Board on the
nomination of an organization and that organization.
THE
SCHEDULES.
——
Section
5. FIRST
SCHEDULE.
——
Rates of Tax
s.
| d.
|
For each bale of wool.......................................................
| 4
| 0
|
For each fadge or butt
of wool...........................................
| 2
| 0
|
For each bag of wool........................................................
| 0
| 8
|
SECOND
SCHEDULE.
——
Section 6. Maximum and Minimum Rates of Tax.
Minimum
Rates.
| Maximum
Rates.
|
s.
| d.
| s.
| d.
|
For each bale of wool.............................
| 2
| 0
| ..
| 5
| 0
|
For each fadge or butt
of wool................
| 1
| 0
| ..
| 2
| 6
|
For each bag of wool.............................
| 0
| 4
| ..
| 0
| 10
|