Wool Tax Act (No. 5) 1964
Act No. 29 of 1964 as amended
This compilation was prepared on 18 May 2000 
taking into account amendments up to Act No. 47 of 2000
The text of any of those amendments not in force
on that date is appended in the Notes section
Prepared by the Office of Legislative Drafting,
Attorney‑General’s Department, Canberra

  

Contents
1	Short title [see Note 1]	1
2	Commencement [see Note 1]	1
3	Administration Act to be read with this Act	1
4	Imposition of tax	1
5	Rate of tax	2
6	Regulations	2
Notes		5

An Act to impose a Tax upon Shorn Wool produced in, and exported from, Australia
1  Short title [see Note 1] 
		This Act may be cited as the Wool Tax Act (No. 5) 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, exported from Australia.
	(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by this Act on shorn wool on which a tax has been imposed, whether before or after the commencement of this Act, by a repealed Wool Tax Act.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 exported from Australia is again exported from Australia, tax is not imposed by this Act on that wool by reason of the last‑mentioned exportation.
	(4)	Subject to subsection (4A), if shorn wool on which a tax has been imposed by a Wool Tax Act other than this Act is exported from Australia, tax is not imposed by this Act on that wool by reason of that exportation.
	(4A)	Subsection (4) does not apply to shorn wool if:
	(a)	the tax imposed on the wool by another Wool Tax Act was imposed at a rate applicable to carpet wool; and
	(b)	when the tax was imposed on the wool by that other Wool Tax Act, the wool was carpet wool because of the operation of paragraph (b) or (c) of the definition of carpet wool in subsection 4 (1) of the Wool Tax (Administration) Act 1964; and
	(c)	the wool is exported from Australia.
5  Rate of tax
	(1)	The rate of tax imposed on shorn wool other than carpet wool exported from Australia 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 exported from Australia 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. 5) 1964
Note 1
The Wool Tax Act (No. 5) 1964 as shown in this compilation comprises Act No. 29, 1964 amended as indicated in the Tables below.
For all relevant information pertaining to application, saving or transitional provisions 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. 5) 1964	29, 1964	26 May 1964	26 May 1964		
Wool Tax Act (No. 5) 1973	68, 1973	18 June 1973	18 June 1973	—	
Wool Tax Act (No. 5) 1974	70, 1974	1 Oct 1974	2 Sept 1974	S. 5	
Wool Tax Act (No. 5) 1975	90, 1975	25 June 1975	25 June 1975	—	
Wool Tax Amendment Act (No. 5) 1976	76, 1976	10 June 1976	10 June 1976	—	
Wool Tax Amendment Act (No. 5) 1977	48, 1977	7 June 1977	7 June 1977	—	
Wool Tax Amendment Act (No. 5) 1978	76, 1978	22 June 1978	22 June 1978	—	
 Wool Tax Amendment Act (No. 5) 1979	36, 1979	7 June 1979	7 June 1979	—	
Wool Tax (No. 5) Amendment Act 1980	55, 1980	23 May 1980	1 July 1980	—	
Wool Tax (No. 5) Amendment Act 1985	89, 1985	6 June 1985	1 July 1985	—	
Wool Tax (No. 5) Amendment Act 1987	50, 1987	5 June 1987	1 July 1987	—	
Wool Tax (No. 5) Amendment Act 1990	67, 1990	16 June 1990	16 June 1990	S. 4	
Wool Tax (No. 5) Further Amendment Act 1990	95, 1990	29 Nov 1990	4 Oct 1990	S. 7 (rep. by 106, 1991, s. 8)	
as amended by					
Wool Tax (No. 5) Amendment Act 1991	106, 1991	27 June 1991	1 July 1991	—	
Wool Tax (No. 5) Amendment Act 1991	106, 1991	27 June 1991	1 July 1991	—	
Wool Tax (No. 5) Amendment Act 1992	57, 1992	22 June 1992	1 July 1992	— 	
Wool Tax (No. 5) Amendment Act 1993	70, 1993	12 Nov 1993	1 Dec 1993 (see s. 2 and Gazette 1993, No. GN46)	— 	
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))	

Table of Amendments
ad. = added or inserted      am. = amended      rep. = repealed      rs. = repealed and substituted	
Provision affected	How affected	
S. 4		am. No. 68, 1973; No. 36, 1979; No. 95, 1990	
S. 5		am. No. 68, 1973; No. 70, 1974; No. 90, 1975; No. 76, 1976; No. 48, 1977; No. 76, 1978; No. 36, 1979	
	rs. No. 55, 1980; No. 89, 1985	
	am. No. 50, 1987; No. 67, 1990; No. 95, 1990; No. 106, 1991; No. 57, 1992	
S. 5A		ad. No. 95, 1990	
	rep. No. 106, 1991	
S. 6		am. No. 68, 1973; No. 70, 1974; No. 36, 1979; No. 55, 1980; No. 89, 1985; No. 50, 1987	
	rs. No. 95, 1990	
	am. No. 106, 1991; No. 70, 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.