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Friday, 22 May 1936


Senator BRENNAN - The collection of the levy will be made through the wool-brokers and dealers, and will be deducted from the returns of the woolgrowers, thus avoiding the necessity for the wool-growers to furnish returns or pay the tax directly. I emphasize that whilst the three bills relating to this proposal will create a statutory board, with power to receive the levy from the Commissioner of Taxation, there is no intention to create government control of, or interference with, the wool industry. Six out of the seven members of the board will be direct representatives of the woolgrowers' associations, so that those bodies will have complete control of the work to be carried out in the interests of the industry, in close co-operation with the wool-growers of New Zealand and South Africa as well as the wool interests of the United Kingdom. In all probability, the board will, later, extend its activities and influences beyond the Empire, widening existing markets and Seeking new avenues and uses for wool. The passage of this legislation should give to the wool-growers of Australia power to create an organization with sufficient funds to confer immense benefits upon Australia's greatest primary industry, and, in turn, be of advantage to all sections of the community.

Of the other two bills, one provides for the assessment and collection of the tax, and the other imposes the tax. The first i3 a machinery bill, modelled on the lines of the Income Tax Assessment Bill. The second determines the amount of the tax. Three bills are necessary, because the Constitution does not permit a bill which imposes taxation to deal with any other subject.







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