WOOL
TAX (No. 2).
No.
42 of 1961.
An
Act to amend the Wool Tax Act (No. 2) 1957-1960.
[Assented
to 23rd August, 1961.]
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 and citation.
1.—(1.) This Act may be cited as the Wool Tax Act (No. 2) 1961.
(2.) The Wool
Tax Act (No. 2) 1957-1960 is in
this Act referred to as the Principal Act.
(3.) The Principal Act, as amended by this Act, may
be cited as the Wool Tax Act (No. 2) 1957-1961.
Commencement.
2. This Act shall come into operation on the day on which it receives
the Royal Assent.
3. After section six of the Principal Act the following section is
inserted:—
Rates
of tax f or a certain period.
“6a. Notwithstanding
the next succeeding section and any regulations made under that section, the
rates set out in the Third Schedule to this Act shall be deemed to have been
and to be the rates prescribed for the purposes of paragraph (a)of sub-section (1.) of the last preceding section in respect of wool to
which this Act applies exported from Australia on or after the twenty-eighth
day of August, One thousand nine hundred and sixty-one, and before the first
day of July, One thousand nine hundred and sixty-two.”.
Regulations.
4.Section seven of the Principal Act is amended by
omitting the words “the last preceding section”(wherever occurring) and
inserting in their stead the words “section six of this Act”.
Third
Schedule.
5.The Principal Act is amended by adding at the end
thereof the following Schedule:—
THIRD SCHEDULE Section
6a.
——
Rates of
Tax Referred to in Section 6a of this Act
s.
| d.
|
For
each bale of wool.................................................................
| 10
| 0
|
For
each fadge or butt of wool.....................................................
| 5
| 0
|
For
each bag of wool..................................................................
| 1
| 3
|