WOOL
TAX (No. 2).
No. 39 of 1952.
An
Act to impose a Tax upon certain Wool produced in, and exported from,
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. 2) 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, exported from Australia,
being
wool other than wool which has been received by a wool-broker or dealer.
Rates of tax up to
30th June, 1953.
5.The rates of tax on wool
exported from Australia 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 exported from
Australia 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 minimumrates 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.
—–
FIRST SCHEDULE. Section
5.
—–
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
|