Wool Tax Act (No. 2) 1964

Administered by Department of the Treasury

Legislation au C1964A00026 Not in force Act

Select Document

Act No. 26 of 1964 as amended

[Note: This Act was repealed by Act No. 101 of 2006 on 14 September 2006

For transitional and application provisions see Act No. 101, 2006, Schedule 6 (items 5–11)]

This compilation was prepared on 24 January 2001
taking into account amendments up to Act No. 145 of 2000

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General’s Department, Canberra

Contents

1 Short title [see Note 1]...........................

2 Commencement [see Note 1].......................

3 Administration Act to be read with this Act...............

4 Imposition of tax...............................

5 Rate of tax..................................

6 Regulations..................................

Notes

An Act to impose a Tax upon Shorn Wool produced in Australia and purchased by a Wool‑Dealer from a person other than a Wool‑Broker

1 Short title [see Note 1]

This Act may be cited as the Wool Tax Act (No. 2) 1964.

2 Commencement [see Note 1]

This Act shall come into operation on the day on which it receives the Royal Assent.

3 Administration Act to be read with this Act

The Wool Tax (Administration) Act 1964 shall be read as one with this Act.

4 Imposition of tax

(1) Subject to this section, tax is imposed on all shorn wool:

(a) produced in Australia; and

(b) on or after 1 July 1964, purchased by a wool‑dealer from a person other than a wool‑broker.

(1A) Tax is not imposed by this Act if the purchase occurs after the commencement of Schedule 1 to the Wool Services Privatisation Act 2000.

(2) Tax is not imposed by this Act on shorn wool on which a tax has been imposed, whether before or after the commencement of this Act, by a repealed Wool Tax Act.

(3) If shorn wool that has, on or after 1 July 1964, been purchased by a wool‑dealer is again purchased by a wool‑dealer, tax is not imposed by this Act on that wool by reason of the last‑mentioned purchase.

(4) If shorn wool on which a tax has been imposed by a Wool Tax Act other than this Act is purchased by a wool‑dealer, tax is not imposed by this Act on that wool by reason of that purchase.

5 Rate of tax

(1) The rate of tax imposed on shorn wool other than carpet wool purchased by a wool‑dealer from a person other than a wool‑broker is:

(a) 15% of the sale value of the wool; or

(b) if a lower rate is applicable to the wool under the regulations—that lower rate.

(2) The rate of tax imposed on carpet wool purchased by a wool‑dealer from a person other than a wool‑broker is:

(a) 6% of the sale value of the wool; or

(b) if a lower rate is applicable to the wool under the regulations—that lower rate.

6 Regulations

(1) The Governor‑General may make regulations, not inconsistent with this Act, prescribing matters:

(a) required or permitted by this Act to be prescribed; or

(b) necessary or convenient to be prescribed for carrying out or giving effect to this Act.

(2) A rate prescribed for the purpose of paragraph 5(1)(b) or 5(2)(b) must be a rate that is a particular percentage of the sale value of the wool on which tax is payable.

(4) A percentage specified in a rate of tax prescribed for the purpose of paragraph 5(1)(b) or 5(2)(b):

(b) may be nil; but

(c) must not be such that, at any time, the percentage is different from a percentage specified in a rate of tax prescribed for the purpose of the corresponding paragraph of another Wool Tax Act in respect of the same kind of wool.

(5) Before making regulations under this section prescribing a rate of tax that is to apply in relation to a financial year commencing on or after 1 July 1994, the Governor‑General is required to take into consideration:

(a) in the case of regulations to prescribe a rate for the purposes of paragraph 5(1)(b):

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

(ii) the recommendations that are the current recommendations applying to the financial year for the purposes of sections 49 and 50 of the Australian Wool Research and Promotion Organisation Act 1993; or

(b) in the case of regulations to prescribe a rate for the purposes of paragraph 5(2)(b), the recommendations that are the current recommendations applying to the financial year for the purposes of sections 49 and 50 of the Australian Wool Research and Promotion Organisation Act 1993.

Notes to the Wool Tax Act (No. 2) 1964

Note 1

The Wool Tax Act (No. 2) 1964 as shown in this compilation comprises Act No. 26, 1964 amended as indicated in the Tables below.

All relevant information pertaining to application, saving or transitional provisions prior to 3 May 2000 is not included in this compilation. For subsequent information see Table A.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Wool Tax Act (No. 2) 1964	26, 1964	26 May 1964	26 May 1964
Wool Tax Act (No. 2) 1973	65, 1973	18 June 1973	18 June 1973		—
Wool Tax Act (No. 2) 1974	67, 1974	1 Oct 1974	2 Sept 1974		S. 5
Wool Tax Act (No. 2) 1975	87, 1975	25 June 1975	25 June 1975		—
Wool Tax Amendment Act (No. 2) 1976	73, 1976	10 June 1976	10 June 1976		—
Wool Tax Amendment Act (No. 2) 1977	45, 1977	7 June 1977	7 June 1977		—
Wool Tax Amendment Act (No. 2) 1978	73, 1978	22 June 1978	22 June 1978		—
Wool Tax Amendment Act (No. 2) 1979	33, 1979	7 June 1979	7 June 1979		—
Wool Tax (No. 2) Amendment Act 1980	52, 1980	23 May 1980	1 July 1980		—
Wool Tax (No. 2) Amendment Act 1985	86, 1985	6 June 1985	1 July 1985		—
Wool Tax (No. 2) Amendment Act 1987	47, 1987	5 June 1987	1 July 1987		—
Wool Tax (No. 2) Amendment Act 1990	64, 1990	16 June 1990	16 June 1990		S. 4
Wool Tax (No. 2) Further Amendment Act 1990	92, 1990	29 Nov 1990	4 Oct 1990		S. 7 (rep. by 103, 1991, s. 8)
as amended by
Wool Tax (No. 2) Amendment Act 1991	103, 1991	27 June 1991	1 July 1991		—
Wool Tax (No. 2) Amendment Act 1991	103, 1991	27 June 1991	1 July 1991		—
Wool Tax (No. 2) Amendment Act 1992	54, 1992	22 June 1992	1 July 1992		—
Wool Tax (No. 2) Amendment Act 1993	67, 1993	12 Nov 1993	1 Dec 1993 (see s. 2 and Gazette 1993, No.GN46)		—
Statute Law Revision Act 1996	43, 1996	25 Oct 1996	Schedule 2 (item 139): (a)		—
Australian Wool Research and Promotion Organisation Amendment (Funding and Wool Tax) Act 2000	47, 2000	3 May 2000	3 May 2000		Sch. 1 (item 12(2)) [see Table A]
Wool Services Privatisation Act 2000	145, 2000	7 Dec 2000	Schedule 1: 1 Jan 2001 (see Gazette 2000, No. S638) Remainder: Royal Assent		—

(a) The Wool Tax Act (No. 2) 1964 was amended by Schedule 2 (item 139) only of the Statute Law Revision Act 1996, subsection 2 (2) of which provides as follows:

(2) Each item in Schedule 2 commences or is taken to have commenced (as the case requires) at the time specified in the note at the end of the item.

Item 139 is taken to have commenced immediately after the commencement of the Wool Tax Amendment Act (No. 2) 1991.

The Wool Tax Amendment Act (No. 2) 1991 came into operation on 1 July 1991.

Table of Amendments

ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted
Provision affected	How affected
Title....................	am. No. 67, 1993
S. 4....................	am. No. 65, 1973; No. 33, 1979; No. 92, 1990; No. 67, 1993; No. 145, 2000
S. 5....................	am. No. 65, 1973; No. 67, 1974; No. 87, 1975; No. 73, 1976; No. 45, 1977; No. 73, 1978; No. 33, 1979
	rs. No. 52, 1980; No. 86, 1985
	am. No. 47, 1987; No. 64 and 92, 1990; No. 103, 1991; No. 54, 1992; No. 67, 1993; No. 43, 1996
S. 5A...................	ad. No. 92, 1990
	rep. No. 103, 1991
S. 6....................	am. No. 65, 1973; No. 67, 1974; No. 33, 1979; No. 52, 1980; No. 86, 1985; No. 47, 1987
	rs. No. 92, 1990
	am. No. 103, 1991; No. 67, 1993; No. 47, 2000

Table A

Application, saving or transitional provisions

Australian Wool Research and Promotion Organisation Amendment (Funding and Wool Tax) Act 2000 (No. 47, 2000)

Schedule 1

12 Application of amendments

(2) The amendments made by items 7 to 11 apply in determining the rate of wool tax in relation to financial years beginning on or after 1 July 2000.

Overview

The Wool Tax Act (No. 2) 1964 was enacted to impose a tax on shorn wool produced in Australia and purchased by a wool-dealer from a person other than a wool-broker. This Act was introduced to address the need for revenue generation from the wool industry, particularly after the dismantling of the centralised wool marketing system. The Act was enacted by the Commonwealth Parliament and its policy objective was to establish a tax on wool to contribute to the financing of the Australian wool industry's research, development, and promotional activities. The Act was repealed by the Wool Services Privatisation Act 2000, which introduced significant reforms to the wool industry, including the removal of the wool tax system. The Wool Tax Act (No. 2) 1964 was administered in conjunction with the Wool Tax (Administration) Act 1964, which provided for the collection and enforcement of the tax. The rate of tax varied depending on the type of wool, with a 15% tax on non-carpet wool and a 6% tax on carpet wool, subject to regulatory adjustments. The Governor-General had the authority to make regulations to prescribe tax rates and other matters necessary for the Act's operation.

Scope and Application

The Wool Tax Act (No. 2) 1964 applies to all shorn wool produced in Australia that is purchased by a wool-dealer from a person other than a wool-broker, with certain exceptions. Specifically, the tax is not imposed on shorn wool purchased after the commencement of Schedule 1 to the Wool Services Privatisation Act 2000, on shorn wool on which a tax has been imposed by a repealed Wool Tax Act, or on shorn wool that has been previously purchased by a wool-dealer. The tax is also not imposed on shorn wool that has been previously taxed under another Wool Tax Act. The Act applies on a national level across Australia, and its application may be extended or restricted through subordinate instruments. The rate of tax is set at 15% of the sale value of the wool for non-carpet wool and 6% for carpet wool, but this rate may be varied by regulation. The Act was repealed by the Wool Services Privatisation Act 2000, with transitional provisions set out in Schedule 6 of that Act.

Key Provisions

The Wool Tax Act (No. 2) 1964 (the "Act") imposes a tax on shorn wool produced in Australia and purchased by a wool-dealer from a person other than a wool-broker. Section 4 sets out the main operative sections and what they require or permit. The tax is imposed on all shorn wool produced in Australia and purchased by a wool-dealer from a person other than a wool-broker on or after 1 July 1964 (Section 4(1)). The rate of tax is set out in Section 5, which provides that the rate of tax imposed on shorn wool other than carpet wool purchased by a wool-dealer from a person other than a wool-broker is 15% of the sale value of the wool, or if a lower rate is applicable to the wool under the regulations, that lower rate (Section 5(1)). Similarly, the rate of tax imposed on carpet wool purchased by a wool-dealer from a person other than a wool-broker is 6% of the sale value of the wool, or if a lower rate is applicable to the wool under the regulations, that lower rate (Section 5(2)). Section 6 allows the Governor-General to make regulations, not inconsistent with this Act, prescribing matters required or permitted by this Act to be prescribed or necessary or convenient to be prescribed for carrying out or giving effect to this Act. The Act imposes certain obligations on the parties or entities it governs. For instance, wool-dealers who purchase shorn wool from a person other than a wool-broker must pay the tax imposed under this Act (Section 4). The Governor-General is required to take into consideration certain factors before making regulations under Section 6 that prescribe a rate of tax that is to apply in relation to a financial year commencing on or after 1 July 1994 (Section 6(5)). The Act provides for certain offences, penalties, or civil/criminal consequences for breach, including maximum penalties where stated. However, the Act does not explicitly state any specific offences, penalties, or civil/criminal consequences for breach. It is possible that the relevant penalties and consequences may be found in other related legislation or regulations. Nonetheless, non-compliance with the tax obligations imposed by this Act may result in legal consequences, including fines and imprisonment, as provided for under other Australian legislation.

Area of Law: Taxation Law
Instrument: Act
Concepts: Commencement Provisions; Offence Provisions; Reporting & Disclosure Obligations; Regulatory Standards

Interactions

Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.

Legislation content

Overview

Scope and Application

Key Provisions

Legal classification tags

Interactions

Authorises

All Versions