Wool Tax Regulations 1987 (No. 1)

Wool Tax Regulations 1987 (No. 1)

Statutory Rules 1987 No. 143 as amended

made under the

Wool Tax Act (No. 1) 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. 1)

Statutory Rules 1987 No. 143 as amended

made under the

Wool Tax Act (No. 1) 1964

Contents

Page

 1 Name of Regulations [see Note 1] 

 2 Interpretation 

 3 Rate of tax (Act s 5) 

Notes 

1 Name of Regulations [see Note 1]

  These Regulations are the Wool Tax Regulations 1987 (No. 1).

2 Interpretation

  In these Regulations, unless the contrary intention appears:

the Act means the Wool Tax Act (No. 1) 1964.

3 Rate 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. 1)

Note 1

The Wool Tax Regulations 1987 (No. 1) (in force under the Wool Tax Act (No. 1) 1964) as shown in this compilation comprise Statutory Rules 1987 No. 143 amended as indicated in the Tables below.

Table of Statutory Rules

Table of Amendments