FLOUR TAX (No. 1).
No. 56 of 1934.
An Act to impose a Tax upon Flour manufactured in Australia by any Person, and sold or delivered, or used in the Manufacture of Goods, by him.
[Assented to 17th December, 1934.]
BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows :—
Short title.
1. This Act may be cited as the Flour Tax Act (No. 1) 1934.
Incorporation.
2. The Flour Tax Assessment Act (No. 2) 1934 shall, with the exception of sections eleven, twelve, and sub-sections (2.) and (3.) of section thirteen of that Act, be incorporated and read as one with this Act.
Imposition of tax.
3. Flour tax is imposed at the rate of two pounds twelve shillings and sixpence per ton upon each pound of flour (not being flour upon which tax is imposed by the Flour Tax Act (No. 2) 1934) manufactured in Australia by any person and—
(a) sold by him on or after the seventh day of January, One thousand nine hundred and thirty-five and prior to the seventh day of January, One thousand nine hundred and thirty-six;
(b) sold by him before the seventh day of January, One thousand nine hundred and thirty-five, and delivered by him on or after that date and prior to the seventh day of January, One thousand nine hundred and thirty-six; or
(c) used by him on or after the seventh day of January, One thousand nine hundred and thirty-five, and prior to the seventh day of January, One thousand nine hundred and thirty-six in the manufacture of goods.
Overview
The Flour Tax Act (No. 1) 1934 was enacted by the Commonwealth Parliament to impose a tax on flour manufactured in Australia, addressing the need for revenue generation during an economically challenging period. The act is designed to levy a specific tax rate on each pound of flour manufactured in Australia by any person and sold or delivered, or used in the manufacture of goods, within a defined timeframe between 7 January 1935 and 7 January 1936. The policy objective of the act is to impose a financial burden on flour producers and manufacturers to contribute to the Commonwealth’s financial requirements. The act incorporates most provisions of the Flour Tax Assessment Act (No. 2) 1934, except for certain sections, to streamline the tax assessment and collection process.
Scope and Application
The Flour Tax (No. 1) Act 1934 applies to any person within the Commonwealth of Australia who manufactures flour. This tax is specifically imposed on flour that is manufactured in Australia and subsequently sold or delivered, or used in the manufacture of goods, by the person who manufactured it. The Act does not apply to flour that is already subject to tax under the Flour Tax Assessment Act (No. 2) 1934, except for certain specified sections. The tax rate is set at two pounds twelve shillings and sixpence per ton for each pound of flour, and it applies to transactions occurring between the seventh day of January, 1935, and the seventh day of January, 1936. The legislation integrates with the Flour Tax Assessment Act (No. 2) 1934, excluding particular sections, to provide a comprehensive framework for the imposition and assessment of the flour tax.
Key Provisions
The Flour Tax Act (No. 1) 1934, as referenced in section 1, imposes a tax on flour manufactured in Australia by any person and subsequently sold or delivered, or used in the manufacture of goods, during a specified period. According to section 3, the tax is levied at a rate of two pounds twelve shillings and sixpence per ton for each pound of flour produced in Australia. This tax applies to flour sold on or after the seventh day of January 1935 but before the seventh day of January 1936, as outlined in subsections (a) and (b). It also applies to flour used in the manufacture of goods on or after the seventh day of January 1935 but before the seventh day of January 1936, as stated in subsection (c). The act includes an incorporation clause in section 2, which specifies that the Flour Tax Assessment Act (No. 2) 1934 will be incorporated with this act, except for certain sections and subsections.
The obligations imposed by the Act primarily revolve around the tax payment and compliance with the specified conditions for tax applicability. Manufacturers, sellers, and users of flour within the defined timeframe must ensure that the tax is paid at the stipulated rate. The act demands that the tax be paid for flour that meets the criteria set forth in section 3, which includes being manufactured in Australia and sold or delivered, or used in the manufacture of goods, during the specified period. This obligation extends to any person involved in these activities to comply with the tax requirements as outlined.
The consequences for non-compliance with the Flour Tax Act (No. 1) 1934 are not explicitly detailed in the provided text, but generally, failure to adhere to tax laws can result in penalties. Typically, such penalties may include fines, interest on unpaid taxes, and potential legal action to recover the owed amounts. The specifics of penalties, such as maximum fines or imprisonment, would be detailed in related legislation or administrative guidelines, which are not provided here. The act's enforcement mechanisms would likely be overseen by relevant tax authorities to ensure compliance and to impose the appropriate penalties for non-compliance.