Commonwealth Numbered Regulations

1991 No. 213 WOOL TAX (No. 5) REGULATIONS (AMENDMENT) - REG 3

  3.1   Omit the regulation, substitute:
Rate of tax

"3. (1) For the purposes of paragraph 5 (1) (b) of the Act, the rate of tax
for the financial year commencing on 1 July 1991 that is applicable to shorn
wool (other than carpet wool) on which the tax is payable is 12% of the sale
value of the wool.

"(2) For the purposes of paragraph 5 (2) (b) of the Act, the rate of tax for
the financial year commencing on 1 July 1991 that is applicable to carpet wool
on which the tax is payable is 3% of the sale value of the wool.".