Commonwealth Numbered Acts

WOOL TAX (No. 1) AMENDMENT ACT 1985 No. 85 of 1985 - SECT 4

4. Section 6 of the Principal Act is amended by omitting sub-section (1) and
substituting the following sub-sections:

"(1) Subject to sub-section (2), the Governor-General may make regulations
prescribing a rate of tax that is lower than the rate specified in paragraph 5
(a), being a rate that is a particular percentage of the sale value of the
shorn wool on which the tax is imposed.

"(2) A percentage specified in a rate of tax prescribed under sub-section (1)
shall-

   (a)  exceed 4%; and

   (b)  not be such that, at any time, the percentage specified in the rate of
        tax prescribed under that sub-section is different from a percentage
        specified in a rate of the tax imposed by the Wool Tax Act (No. 2)
        1964, the Wool Tax Act (No. 3) 1964, the Wool Tax Act (No. 4) 1964, or
        the Wool Tax Act (No. 5) 1964.".
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