Commonwealth Numbered Regulations

1992 No. 438 AUSTRALIAN WOOL CORPORATION REGULATIONS (AMENDMENT) - REG 15

15.1 Omit the regulation, substitute:

"5I. (1) For the purposes of paragraph 47 (e) of the Act, a registered
wool-tax payer is entitled to cast 1 vote for each $100, or part of $100, of
the sum of those parts of the amount of the wool tax paid by the wool-tax
payer in relation to:

   (a)  the promotion of wool and wool products; and

   (b)  research and development.

"(2) In subregulation (1), a reference to "wool tax" is a reference to the
wool tax paid by the wool tax payer on:

   (a)  the gross proceeds received by the wool-tax payer from the sale of
        wool; and

   (b)  the sale value (within the meaning of section 10 of the Wool Tax
        (Administration) Act 1964) of other wool on which the wool-tax payer
        became liable to pay wool-tax; being the gross proceeds and sale value
        used to calculate the amount entered in the register under paragraph
        5C (1) (i) or (j).".