Commonwealth Numbered Regulations

WOOL TAX AMENDMENT REGULATIONS 2000 (NO. 1) 2000 NO. 153 - SCHEDULE 2

(regulation 4)

[1] Regulation 1

substitute

These Regulations are the Wool Tax Regulations 1987 (No. 2).

[2] Regulation 3

substitute

(1)

For paragraph 5 (1) (b) of the Act, the rate of tax for the financial year commencing on 1 July 2000 that is applicable to shorn wool (other than carpet wool) on which tax is payable is 3% of the sale value of the wool.

(2)

For paragraph 5 (2) (b) of the Act, the rate of tax for the financial year commencing on 1 July 2000 that is applicable to carpet wool on which tax is payable is 3% of the sale value of the wool.