Commonwealth Numbered Acts

WOOL TAX (No. 5) AMENDMENT ACT 1991 No. 106 of 1991 - SECT 4

4. Section 5 of the Principal Act is amended:

   (a)  by omitting "tax, other than additional tax, imposed on shorn wool"
        and
substituting "tax imposed on shorn wool other than carpet wool";

   (b)  by omitting from paragraph (a) "30%" and substituting "15%";

   (c)  by adding at the end the following subsection:

"(2) The rate of tax imposed on carpet wool exported from Australia is:

   (a)  4% of the sale value of the wool; or

   (b)  if a lower rate is applicable to the wool under the regulations - that
        lower rate.".