Wool Tax (No. 2) Regulations (Amendment) (Cth)

Statutory Rules 1994

No. 227 1

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Wool Tax (No. 2) Regulations 2(Amendment)

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, and having taken into consideration:

• (a)

  in the case of prescribing a rate for the purposes of paragraph 5 (1) (b) of the Wool Tax Act (No. 2) 1964:

  • (i)

    the percentage fixed by subsection 43 (2) of the Wool International Act 1993; and

  • (ii)

    the current recommendations applying to the financial year for the purposes of sections 49 and 50 of the Australian Wool Research and Promotion Organisation Act 1993; and

• (b)

  in the case of prescribing a rate for the purposes of paragraph 5 (2) (b) of the Wool Tax Act (No. 2) 1964 —the current recommendations applying to the financial year for the purposes of sections 49 and 50 of the AustralianWool Research and Promotion Organisation Act 1993;

make the following Regulations under the Wool Tax Act (No. 2) 1964.

Dated 27 June 1994.

 BILL HAYDEN

 Governor-General

 By His Excellency’s Command,

GEORGE GEAR

Assistant Treasurer

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1.   Commencement

1.1  These Regulations commence on 1 July 1994.

2.   Amendment

2.1   The Wool Tax (No. 2) Regulations are amended as set out in these Regulations.

3.   Regulation 3 (Rate of tax)

3.1   Subregulation 3 (1):

Omit “1 July 1993”, substitute “1 July 1994”.

3.2   Subregulation 3 (2):

Omit “1 July 1993”, substitute “1 July 1994”.

4.   Repeal of former Wool Tax (No. 2) Regulations

4.1   Statutory Rules 1980 No. 169 are repealed.

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 30 June 1994.

2. Statutory Rules 1987 No. 144 as amended by 1990 No. 194; 1991 No. 210; 1992 No. 207; 1993 No. 171.