Federal Register of Legislation - Australian Government

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Wool Tax (No. 5) Amendment Act 1993

  • - C2004A04625
  • No longer in force
Act No. 70 of 1993 as made
An Act to amend the Wool Tax Act (No. 5) 1964
Date of Assent 12 Nov 1993
Date of repeal 10 Mar 2016
Repealed by Amending Acts 1990 to 1999 Repeal Act 2016
 

WOOL TAX (No. 5) AMENDMENT ACT 1993 No. 70 of 1993

WOOL TAX (No. 5) AMENDMENT ACT 1993 No. 70 of 1993 - LONG TITLE

An Act to amend the Wool Tax Act (No. 5) 1964

WOOL TAX (No. 5) AMENDMENT ACT 1993 No. 70 of 1993 - SECT 1
Short title etc.

(Assented to 12 November 1993)
1. (1) This Act may be cited as the Wool Tax (No. 5) Amendment Act 1993.

(2) In this Act, "Principal Act" means the Wool Tax Act (No. 5) 1964*1*.

(Minister's second reading speech made in -
House of Representatives on 30 September 1993
Senate on 18 October 1993)
*1* No. 29, 1964, as amended. For previous amendments, see No. 68, 1973; No. 70, 1974; No. 90, 1975; Nos. 37 and 76, 1976; No. 48, 1977; No. 76, 1978; No. 36, 1979; No. 55, 1980; No. 89, 1985; No. 50, 1987; Nos. 67 and 95, 1990; and No. 106, 1991.

WOOL TAX (No. 5) AMENDMENT ACT 1993 No. 70 of 1993 - SECT 2
Commencement

2. This Act commences on the day on which the Australian Wool Research and Promotion Organisation Act 1993 commences.

WOOL TAX (No. 5) AMENDMENT ACT 1993 No. 70 of 1993 - SECT 3
Regulations

3. Section 6 of the Principal Act is amended by omitting subsection (5) and substituting the following subsection:
"(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.".