Wool Tax Assessment Act 1961 (Cth)

WOOL TAX ASSESSMENT.

No. 43 of 1961.

An Act to amend the Wool Tax Assessment Act 1936-1957.

[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 Assessment Act 1961.

(2.) The WoolTax Assessment Act 1936-1957 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 Assessment Act 1936-1961.

Commencement.

2.This Act shall come into operation on the day on which it receives the Royal Assent.

Returns.

3. Section thirteen of the Principal Act is amended by adding at the end thereof the following sub-sections:—

“(2.) The return furnished by a wool-broker in respect of the period of three months ending on the thirtieth day of September, One thousand nine hundred and sixty-one, shall show separately any wool included in the return that was received before the twenty-eighth day of August, One thousand nine hundred and sixty-one, and sold by him before that last-mentioned date.

“(3.) The return furnished by a dealer in respect of the period of three months ending on the thirtieth day of September, One thousand nine hundred and sixty-one, shall show separately any wool included in the return that was received before the twenty-eighth day of August, One thousand nine hundred and sixty-one.

“(4.) The return furnished by a wool-broker in respect of the period of three months ending on the thirtieth day of June, One thousand nine hundred and sixty-two, shall show separately any wool included in the return that was not sold by him before the end of that period.”.

4. After section fourteen of the Principal Act the following section is inserted:—

Special returns in relation to a certain period.

“14a. A wool-broker shall, not later than the thirtieth day of September, One thousand nine hundred and sixty-one, furnish to the Commissioner a return, in accordance with a form approved by the Commissioner, of any wool received by him before the first day of July, One thousand nine hundred and sixty-one, that was not sold by him before the twenty-eighth day of August, One thousand nine hundred and sixty-one.”.

Due date of payment.

5.Section seventeen of the Principal Act is amended by adding at the end thereof the following sub-section:—

“(3.) Where, by reason of section six a of the Wool Tax Act (No.