STATUTORY RULES.
1950. No. 32.
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REGULATIONS UNDER THE WOOL (CONTRIBUTORY CHARGE) ACT (No. 1) 1950.*
WHEREAS I, the Governor-General in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, after taking into consideration all advice tendered to the Treasurer by the Australian Wool Realization Commission, am of opinion that the percentage which is necessary, as the percentage prescribed, on and from the twenty-sixth day of August, 1950, under section 6 of the Wool (Contributory Charge) Act (No. 1) 1950 in order to produce, together with the amount likely to be produced under the Wool (Contributory Charge) Act (No. 2) 1950 if the same percentage is prescribed under section 6 of that Act, the sum of the amounts referred to in paragraphs (a), (b) and (c) of section 6 of the first-mentioned Act is one-quarter of one per centum :
And whereas I, the Governor-General aforesaid, acting with the advice of the Federal Executive Council, after taking into consideration all views on the matter expressed to the Minister of State for Commerce and Agriculture by the Australian Wool Realization Commission, the Australian Woolgrowers’ Council, the Australian Wool and Meat Producers’ Federation and the Australian Primary Producers’ Union, am of opinion that the percentage which is necessary, as the percentage prescribed, on and from the twenty-sixth day of August, 1950, under section 7 of the Wool (Contributory Charge) Act (No. 1) 1950 in order to produce, together with the amount likely to be produced under the Wool (Contributory Charge) Act (No. 2) 1950 if the same percentage is prescribed under section 7 of that Act, the sum of the amounts likely to be required to be contributed by the wool industry to the cost of establishing a scheme of reserve prices for wool after the Disposals Plan ceases to operate and to the cost of operating that scheme is seven and one-quarter per centum :
Now therefore I, the Governor-General aforesaid, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Wool (Contributory Charge) Act (No. 1) 1950.
Dated this sixth day of July, 1950.
W. J. McKELL
Governor-General.
By His Excellency’s Command,
A. W. FADDEN
Treasurer.
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Wool (Contributory Charge) (No. 1) Regulations.
Citation.
1. These Regulations may be cited as the Wool (Contributory Charge) (No. 1) Regulations.
* Notified in the Commonwealth Gazette on 7th July, 1950.
3358.—Price 3d.
Commencement.
2. These Regulations shall come into operation on the twenty-sixth day of August, 1950.
Percentage under section 6.
3. The percentage of the sale value of wool for the purposes of section 6 of the Wool (Contributory Charge) Act (No. 1) 1950 is one-quarter of one per centum.
Percentage under section 7.
4. The percentage of the sale value of wool for the purposes of sub-section (1.) of section 7 of the Wool (Contributory Charge) Act (No. 1) 1950 is seven and one-quarter per centum.
By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.
Overview
The Wool (Contributory Charge) (No. 1) Regulations, enacted in 1950, were formulated under the authority of the Wool (Contributory Charge) Act (No. 1) 1950 to address the need for a contributory charge mechanism for the wool industry. This legislative instrument was introduced to facilitate the imposition of a charge on wool sales to fund the establishment and operation of a scheme of reserve prices for wool, ensuring stability and support for the industry post-Disposals Plan. The Regulations were made by the Governor-General, acting on the advice of the Federal Executive Council, and were intended to implement specific percentages as prescribed by the Act to meet financial requirements for the reserve price scheme. The policy objective was to provide a sustainable financial contribution from the wool industry towards maintaining market stability and supporting industry operations.
Scope and Application
The Wool (Contributory Charge) (No. 1) Regulations 1950 apply to all entities and individuals involved in the sale of wool within the Commonwealth of Australia. These regulations were enacted under the authority of the Wool (Contributory Charge) Act (No. 1) 1950 and are aimed at establishing a contributory charge on the sale value of wool to fund the establishment and operation of a scheme of reserve prices for wool. The regulations set out specific percentages for the charge under different sections of the Act, ensuring that the required funds are collected to support these activities. The geographic reach of these regulations is national, applying across all states and territories in Australia. The regulations do not explicitly mention any exclusions, exemptions, or thresholds, but it is understood that they apply to all wool sales within the defined scope of the Act. The application of these regulations may be extended or restricted through further subordinate instruments, but as per the current legislation, they are intended to comprehensively cover all relevant transactions and entities involved in the wool industry.
Key Provisions
The primary operative sections of the Wool (Contributory Charge) (No. 1) Regulations establish the specific percentages to be applied to the sale value of wool under the Wool (Contributory Charge) Act (No. 1) 1950. Specifically, section 3 of the Regulations sets the percentage at one-quarter of one per cent for the purposes of section 6 of the Act, while section 4 sets the percentage at seven and one-quarter per cent for the purposes of subsection (1) of section 7 of the Act. These percentages are pivotal as they determine the financial contributions required from the wool industry to support certain initiatives.
Under these Regulations, the wool industry and related entities have clear obligations. They are required to adhere to the prescribed percentages when calculating the contributory charges on the sale value of wool. This involves ensuring that the one-quarter of one per cent charge is applied to the specified purposes outlined in section 6 of the Act, and the seven and one-quarter per cent charge is applied to the purposes outlined in subsection (1) of section 7 of the Act. Compliance with these percentages is mandatory and must be consistently applied from the Regulations' commencement date.
In the event of non-compliance with the prescribed percentages, the Regulations do not explicitly detail specific offences, penalties, or consequences. However, given the legislative context and the importance of the financial contributions involved, it is reasonable to infer that breaches could potentially lead to enforcement actions under the broader framework of the Wool (Contributory Charge) Act (No. 1) 1950. These actions could include administrative penalties, legal proceedings, or other measures intended to ensure compliance with the Act’s financial obligations.