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Wednesday, 15 May 1957


Mr McMAHON (Lowe) (Minister for Primary Industry) . - I move -

That the bill be now read a second time.

The Wool Tax Bill (No. 1) 1957 and the Wool Tax Bill (No. 2) 1957 will replace the Wool Tax Act (No. 1) of 1952 and the Wool Tax Act (No. 2) of 1952. The purpose of the Wool Tax Bills (Nos. 1 and 2) of 1957 is to provide for a maximum contribution of 2s. a bale,1s a fadge or butt and 4d. a bag to be collected from wool-growers on all shorn wool produced in Australia for the financing of wool research and extension. In addition, the bills will continue the provision for the collection of a contribution from wool-growers for the financing of wool use promotion within the minimum and maximum levels as provided under the Wool Tax Acts (Nos. 1 and 2) of 1952. The rate of contribution at present paid by woolgrowers for this purpose is fixed at 4s. a bale, 2s. a fadge or butt, and 8d. a bag.

Under the present arrangement, the wool tax is paid at a common rate either by brokers and dealers who have received wool, or by persons who export wool which has not previously been received by a broker or dealer. These arrangements will remain unchanged, except that the rate of tax will be increased. Provision is made for the repeal of the existing Wool Tax Acts (Nos. 1 and 2) 1952 under the Wool Tax Assessment Bill 1957, which I propose to introduce separately.

Under the Wool Tax Bills (Nos. 1 and 2) of 1957, provision is made for the contributions paid by wool-growers for wool research and for wool promotion to be collected as one tax. However, the component parts for wool research and for wool promotion respectively will be separately prescribed. That part of the tax imposed for wool research will be prescribed upon the recommendation of the Australian Wool Growers Council and the Australian Wool and Meat Producers Federation. The part imposed for wool promotion will be prescribed upon the recommendation of the Australian Wool Bureau, as previously.

It is proposed that the Wool Tax Bills (Nos. 1 and 2) 1957 will come into operation as from 1st July, 1957, in order to coincide with the beginning of the new financial year. As explained in my secondreading speech on the Wool Research Bill 1957, the Wool Tax Bills (Nos. 1 and 2) 1957 are necessary to give effect to the new arrangements in respect of the financing and administration of wool research which had been agreed upon between the Government and the wool-grower organizations. I commend the bill to honorable members.

Debate (on motion by Mr. Pollard) adjourned.







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