Wool Tax (No. 1) Regulations (Cth)

WOOL TAX (No. 1) REGULATIONS
- In force under the Wool Tax Act (No. 1) 1964
- Updated as at 4 July 1996 (#DATE 04:07:1996)

*1* The Wool Tax (No. 1) Regulations (in force under the Wool Tax Act (No. 1) 1964) as shown in this reprint comprise Statutory Rules 1987 No. 143 amended as indicated in the Tables below.

Table of Statutory Rules
Year and Date of Date of Application
Number Notification commencement saving or
in Gazette transitional
provisions
1987 No. 143 25 June 1987 1 July 1987
1990 No. 193 29 June 1990 1 July 1990 -
1991 No. 209 28 June 1991 1 July 1991 -
1992 No. 206 30 June 1992 1 July 1992 -
1993 No. 170 30 June 1993 1 July 1993 -
1994 No. 226 30 June 1994 1 July 1994 -
1995 No. 195 30 June 1995 1 July 1995 -
1996 No. 136 1 July 1996 1 July 1996 -
Table of Amendments
ad=added or inserted am=amended rep=repealed rs=repealed and substituted
Provision affected How affected
R. 3 am. 1990 No. 193
rs. 1991 No. 209
am. 1992 No. 206; 1993 No. 170; 1994
No. 226; 1995 No. 195; 1996 No. 136
#ADD 25:7:1995

WOOL TAX (No. 1) REGULATIONS - TABLE OF PROVISIONS 
TABLE

                           TABLE OF PROVISIONS

Regulation

    1.    Citation

    2.    Interpretation

    3.    Rate of Tax

WOOL TAX (No. 1) REGULATIONS - REG 1 
Citation 


  1. These Regulations may be cited as the Wool Tax (No. 1) Regulations.*1*
SEE NOTES TO FIRST ARTICLE OF THIS CHAPTER .

WOOL TAX (No. 1) REGULATIONS - REG 2 
Interpretation 


  2. In these Regulations, unless the contrary intention appears:

  "the Act" means the Wool Tax Act (No. 1) 1964.

WOOL TAX (No. 1) REGULATIONS - REG 3 
Rate of Tax 


  3. (1) For the purposes of paragraph 5 (1) (b) of the Act, the rate of tax
for the financial year commencing on 1 July 1996 that is applicable to shorn
wool (other than carpet wool) on which the tax is payable is 4% of the sale
value of the wool.


  (2) For the purposes of paragraph 5 (2) (b) of the Act, the rate of tax for
the financial year commencing on 1 July 1996 that is applicable to carpet wool
on which the tax is payable is 4% of the sale value of the wool.