Wool Tax (No. 2) Regulations (Cth)

STATUTORY RULES.

1957. No. 30.

 

REGULATIONS UNDER THE WOOL TAX ACT (No. 2) 1957.*

WHEREAS by section five of the Wool Tax Act (No. 2) 1957 it is provided that a tax is imposed on all wool produced in Australia and, on or after the first day of July, 1957, exported from Australia, being wool other than wool which has been received by a wool-broker or dealer:

And whereas by section six of that Act it is provided that the tax in respect of any wool on which tax is imposed by that Act shall consist of—

(a) an amount of tax at such of the rates from time to time prescribed for the purposes of paragraph (a)of sub-section (1.) of that section as is applicable to that wool, being rates not less than the rates specified as minimum rates in the First Schedule to that Act and not greater than the rates so specified as maximum rates; and

(b)an amount of tax at such of the rates from time to time prescribed for the purposes of paragraph (b)of sub-section (1.) of that section as is applicable to that wool, being rates not greater than the rates specified in the Second Schedule to that Act:

And whereas by section seven of that Act it is provided that—

(a) the Governor-General may make regulations, not inconsistent with that Act, for prescribing rates of tax in accordance with section six of that Act;

(b)before making regulations under section seven of that Act prescribing the rates of tax referred to in paragraph (a) of subsection (1.) of section six of that Act, the Governor-General shall take into consideration any recommendations with respect to those rates made to the Minister by the Australian Wool Bureau after consultation between the members of the Bureau appointed to the Bureau on the nomination of an organization and that organization; and

(c) before making regulations under section seven of that Act prescribing the rates of tax referred to in paragraph (b) of sub-section (1.) of section six of that Act, the Governor-General shall take into consideration any recommendations with respect to those rates made to the Minister by the organizations known respectively as the Australian Woolgrowers’ Council and the Australian Wool and Meat Producers’ Federation:

Now therefore I, the Governor-General in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council and after taking into consideration the recommendations with respect to the rates of tax referred to in paragraph (a)of sub-section (1.) of section six of the Wool Tax Act (No. 2) 1957 made to the Minister by the Australian Wool Bureau and the recommendations with respect to the rates of tax referred to in paragraph (b)of sub-section (1.) of that section made to the Minister by

 

* Notified in the Commonwealth Gazette on 28th June, 1957.

3383/57.—Price 3d. 21/14.6.1957.

the organizations known respectively as the Australian Woolgrowers’ Council and the Australian Wool and Meat Producers’ Federation, hereby make the following Regulations under the Wool Tax Act (No. 2) 1957.

Dated this 28th day of June, 1957.

W. J. Slim

Governor-General.

By His Excellency’s Command,

Treasurer.

 

WOOL TAX (No. 2) REGULATIONS.

Citation.

1. These Regulations may be cited as the Wool Tax (No. 2) Regulations.

Definition.

2. In these Regulations, “the Act” means the Wool Tax Act (No. 2) 1957.

Prescribed rates of tax.

3.—(1.) For the purposes of paragraph(a)of sub-section (1.) of section 6 of the Act, the rates of tax are—

(a) for each bale of wool—Four shillings;

(b) for each fadge or butt of wool—Two shillings; and

(c) for each bag of wool—Eight pence.

(2.) For the purposes of paragraph (b)of sub-section (1.) of section 6 of the Act, the rates of tax are—

(a) for each bale of wool—Two shillings;

(b) for each fadge or butt of wool—One shilling; and

(c) for each bag of wool—Four pence.

 

By Authority: A. J. Arthur, Commonwealth Government Printer, Canberra.