Wool Tax (No. 3) Regulations (Amendment) (Cth)

Statutory Rules 1995

No. 197 1

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Wool Tax (No. 3) 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. 3) 1964:

  • (i)

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

  • (ii)

    the current recommendations applying to the 1995-96 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. 3) 1964 —the current recommendations applying to the 1995-96 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. 3) 1964.

Dated 30 June 1995.

 BILL HAYDEN

 Governor-General

By His Excellency’s Command,

GEORGE GEAR

Assistant Treasurer

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1.   Amendment

1.1   The Wool Tax (No. 3) Regulations are amended as set out in these Regulations.

2.   Commencement

2.1   These Regulations commence on 1 July 1995.

3.   Regulation 3 (Rate of Tax)

3.1   Subregulation 3 (1):

Omit “the financial year commencing on 1 July 1994”, substitute “the financial year commencing on 1 July 1995”.

3.2   Subregulation 3 (2):

Omit “the financial year commencing on 1 July 1994”, substitute “the financial year commencing on 1 July 1995”.

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 30 June 1995.

2. Statutory Rules 1987 No. 145 as amended by 1990 No. 195; 1991 No. 211; 1992 No. 208; 1993 No. 172; 1994 No. 228.