National Security (Price of Wool for Manufacture for Export) Regulations (Amendment)

Overview

Statutory Rules 1941, No. 229, enacted under the National Security Act 1939-1940, introduces regulations addressing the pricing and exportation of wool and wool products during a period of national security concern. The regulations were enacted by the Governor-General in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, to ensure that the export of wool products did not circumvent the financial controls put in place to manage resources effectively during wartime. The policy objective, as indicated in the text, is to enforce the payment of deferred prices for wool products and to prevent their exportation until the full price has been paid, thereby safeguarding the financial interests of the Commonwealth and ensuring the availability of wool for domestic use.

Scope and Application

The Statutory Rules 1941, No. 229, Regulations under the National Security Act 1939-1940, pertain to the price of wool for manufacture for export, amending the National Security (Price of Wool for Manufacture for Export) Regulations. These regulations apply to any entity involved in the sale of wool tops, yarn, worsted, woollen, knitted goods, or other goods made from wool, provided that the wool was purchased under sub-regulation 23 of the National Security (Wool) Regulations. Specifically, the regulations mandate that sellers must include a specific statement on invoices for these goods if any part of the price payable for the wool has been deferred or treated as a contingent liability under regulation 7 of the mentioned regulations. This statement binds the buyer to make the deferred payment to the Central Wool Committee if the goods are exported from Australia. Furthermore, the regulations also address the amendment of regulations to include these additional goods in the scope of the export restrictions and payment conditions. The regulations apply nationally across the Commonwealth of Australia, and there are no stated exclusions or exemptions within the provided text.

Key Provisions

The Statutory Rules 1941, No. 229, made under the National Security Act 1939-1940, amend existing regulations concerning the price of wool for manufacture and export, and introduce new provisions aimed at ensuring that certain payments are made before exportation of goods made from wool can occur. Regulation 7a (1) mandates that if any wool tops, yarn, or other goods made from wool are sold, and the manufacturer has not paid the deferred part of the price of the wool, the seller must include a specific statement on the invoice. This statement serves as a condition of the sale and informs the buyer that if the goods are exported, the buyer must make the deferred payment to the Central Wool Committee (regulation 7a(2)). Regulation 8 is amended to broaden the scope of wool products subject to these provisions, ensuring that worsted, woollen, knitted, or other goods are included in the regulation of deferred payments (regulation 8(1)). Regulation 9 is similarly amended to prohibit the export of any wool or wastes or other products containing wool unless the full price, including any deferred payments, has been paid (regulation 9(1)). The amendments impose specific obligations on sellers of goods made from wool. Sellers must include a particular statement on invoices if the manufacturer has not yet paid the deferred part of the price for the wool used (regulation 7a(2)). This requirement applies to a wide range of wool products, including tops, yarn, worsted, woollen, knitted, or other goods (regulation 8(1)). Furthermore, sellers cannot export these goods unless the full price, including any deferred payments, has been paid (regulation 9(1)). These provisions ensure that deferred payments are made before any exportation of wool products occurs. Failure to comply with the requirements of these regulations can result in serious consequences. For instance, if a seller does not include the required statement on an invoice when the manufacturer has not paid the deferred price, they may be in breach of regulation 7a(2). Similarly, if a seller exports wool products without ensuring that the full price, including deferred payments, has been paid, they are in breach of regulation 9(1). The specific penalties for these breaches are not detailed in the provided text, but under the National Security Act 1939-1940, breaches of regulations can lead to significant civil and criminal penalties, including fines and imprisonment, depending on the severity and intent of the breach.