WOOL TAX LEGISLATION REPEAL.

No. 31 of 1964.

An Act to repeal certain Wool Tax Legislation, and for other purposes.

[Assented to 26th May, 1964.]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title.

1. This Act may be cited as the Wool Tax Legislation Repeal Act 1964.

Commencement.

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

Interpretation.

3. In this Act, expressions defined by the Wool Tax Assessment Act 1936–1963 have the same respective meanings as they have in that Act.

Repeal and saving.

4.—(1.) Subject to the next succeeding sub-section, the Acts specified in the Schedule to this Act are repealed.

(2.) The Acts repealed by the last preceding sub-section, and the regulations in force under those Acts immediately before the commencement of this Act, continue in force for all purposes in connexion with, or arising out of, the receipt of wool by a wool-broker or dealer, or the export of wool from Australia, on or before the thirtieth day of June, One thousand nine hundred and sixty-four.

Modification of application of Wool Tax Act (No. 1) 1957–1963.

5. Notwithstanding anything contained in the Wool Tax Act (No. 1) 1957–1963, that Act shall be deemed not to have imposed before the date of commencement of this Act, and does not, by virtue of sub-section (2.) of the last preceding section, impose on or after that date, a tax on wool received by a wool-broker after the thirty-first day of March, One thousand nine hundred and sixty-four, and not sold by the wool-broker before the first day of July, One thousand nine hundred and sixty-four.

THE SCHEDULE.

—— Section 4.