Wool Tax Regulations 1987 (No. 3) (Cth)

Wool Tax Regulations 1987 (No. 3)

Statutory Rules 1987 No. 145 as amended

made under the

Wool Tax Act (No. 3) 1964

This compilation was prepared on 1 July 2000

taking into account amendments up to SR 2000 No. 153

Prepared by the Office of Legislative Drafting,

Attorney-General’s Department, Canberra

Wool Tax Regulations 1987 (No. 3)

Statutory Rules 1987 No. 145 as amended

made under the

Wool Tax Act (No. 3) 1964

Contents

Page

      

1Name of Regulations [see Note 1]

 These Regulations are the Wool Tax Regulations 1987 (No. 3).

2Interpretation

 In these Regulations, unless the contrary intention appears:

the Act means the Wool Tax Act (No. 3) 1964.

3Rate of tax (Act s 5)

• (1)

  For paragraph 5 (1) (b) of the Act, the rate of tax for the financial year commencing on 1 July 2000 that is applicable to shorn wool (other than carpet wool) on which tax is payable is 3% of the sale value of the wool.

• (2)

  For paragraph 5 (2) (b) of the Act, the rate of tax for the financial year commencing on 1 July 2000 that is applicable to carpet wool on which tax is payable is 3% of the sale value of the wool.

Notes to the Wool Tax Regulations 1987 (No. 3)

Note 1

The Wool Tax Regulations 1987 (No. 3) (in force under the Wool Tax Act (No. 3) 1964) as shown in this compilation comprise Statutory Rules 1987 No. 145 amended as indicated in the Tables below.

Table of Statutory Rules

Year and number	Date of notification in Gazette	Date of commencement	Application, saving or transitional provisions
1987 No. 145	25 June 1987	1 July 1987
1990 No. 195	29 June 1990	1 July 1990	—
1991 No. 211	28 June 1991	1 July 1991	—
1992 No. 208	30 June 1992	1 July 1992	—
1993 No. 172	30 June 1993	1 July 1993	—
1994 No. 228	30 June 1994	1 July 1994	—
1995 No. 197	30 June 1995	1 July 1995	—
1996 No. 138	1 July 1996	1 July 1996	—
2000 No. 153	28 June 2000	1 July 2000	—

Table of Amendments

ad. = added or inserted  am. = amended rep. = repealed rs. = repealed and substituted
Provision affected	How affected
R. 1..........................................	rs. 2000 No. 153
R. 3..........................................	am. 1990 No. 195
rs. 1991 No. 211
am. 1992 No. 208; 1993 No. 172; 1994 No. 228; 1995 No. 197; 1996 No. 138
rs. 2000 No. 153