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AUSTRALIAN WOOL RESEARCH AND PROMOTION ORGANISATION ACT 1993 No. 63 of 1993 - SECT 52
Payments representing tax imposed in earlier years
52. (1) If:
(a) before the commencement of this Act, an amount was received by the
Commonwealth in respect of tax imposed by the Wool Tax Acts in a
financial year that commenced on or before 1 July 1993 on particular
shorn wool; and
(b) at that commencement, nothing had been paid by the Commonwealth to the
Australian Wool Corporation under section 21 of the Australian Wool
Corporation Act 1991 in relation to the amount received; there is
payable to the Organisation the amount that would have been payable to
the Australian Wool Corporation, in relation to the amount received,
if the Australian Wool Corporation Act 1991 had not been repealed.
(2) If:
(a) before the commencement of this Act, an amount was received by the
Commonwealth in respect of tax imposed by the Wool Tax Acts in a
financial year that commenced on or before 1 July 1993 on particular
shorn wool; and
(b) at that commencement, nothing had been paid by the Commonwealth to the
Wool Research and Development Corporation under section 30B of the
Primary Industries and Energy Research and Development Act 1989 in
relation to the amount received; there is payable to the Organisation
the amount that would have been payable to the Wool
Research and Development Corporation, in relation to the amount
received, if section 30B of the last-mentioned Act had not been
repealed.
(3) If, after the commencement of this Act, an amount is received by the
Commonwealth in respect of tax imposed by the Wool Tax Acts in a financial
year that commenced before 1 July 1993 on particular shorn wool, there is
payable to the Organisation, out of the amount received, an amount equal to
the amount that would have been payable to the Australian Wool Corporation, in
relation to the amount received by the Commonwealth, if the Australian Wool
Corporation Act 1991 had not been repealed.
(4) If, after the commencement of this Act, an amount is received by the
Commonwealth in respect of wool tax imposed by the Wool Tax Acts in a
financial year that commenced before 1 July 1993 on particular shorn wool,
there is payable to the Organisation, out of the amount received, an amount
equal to the amount that would have been payable to the Wool Research and
Development Corporation, in relation to the amount received by the
Commonwealth, if section 30B of the
Primary Industries and Energy Research and Development Act 1989 had not been
repealed.
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