Commonwealth Numbered Regulations

1994 No. 43 WOOL INTERNATIONAL REGULATIONS (AMENDMENT) - REG 5

5.1 Add at the end: Additional contributions

"5. (1) For the purposes of subsection 45 (2) of the Act, an additional
contribution in relation to a particular financial year is to be paid to the
Commonwealth by paying it to the Commissioner not later than 3 months after
the end of that financial year.



"(2) If a person who has paid wool tax imposed in a financial year commencing
on or after 1 July 1993 on shorn wool (other than carpet wool) makes an
additional contribution, the person must give the Commissioner the particulars
set out in subregulation (4). Penalty: 5 penalty units.



"(3) If an intermediary makes an additional contribution on behalf of a person
who has paid wool tax imposed in a financial year commencing on or after 1
July 1993 on shorn wool (other than carpet wool), the intermediary must give
the Commissioner the particulars set out in subregulation (4) (as far as the
intermediary is able to ascertain them). Penalty: 5 penalty units.



"(4) For the purposes of subregulations (2) and (3), the following are the
particulars that must be given to the Commissioner or Wool International:

   (a)  the full name and postal address of the wool-tax payer (including any
        applicable Australian Company Numbers and details of any associated
        trading names relevant to the person's wool related activities);

   (b)  the full name and postal address of the intermediary (if any,
        including any applicable Australian Company Numbers and details of any
        associated trading names relevant to the person's wool related
        activities);

   (c)  the gross value of taxable wool sold by the person in the year to
        which the additional payment relates;

   (d)  the gross value of any taxable carpet wool sold by the person in the
        year to which the additional payment relates;

   (e)  if an intermediary is giving the particulars-the total tax paid by the
        intermediary in relation to the wool referred to in paragraphs (d) and
        (e).



"(5) The particulars referred to in subregulation (4) must be given to the
Commissioner:

   (a)  in writing; or

   (b)  in an electronic form acceptable to the recipient.



"(6) If a person gives particulars referred to in subregulation (4) to the
Commissioner, the Commissioner must give them to Wool International.

Provision of wool tax records to wool-tax payers

"6. (1) For the purposes of subsection 64 (1) of the Act, a wool tax record
must be sent annually.



"(2) For the purposes of subsection 64 (3) of the Act, a wool tax record in
relation to a person who has paid tax under the Wool Tax Acts must contain a
statement of:

   (a)  the amounts of wool tax; and

   (b)  additional contributions under section 45 of the Act; paid by the
        person during the financial year to which the record relates,
        including brief details sufficient to identify each particular
        transaction.

Register of wool-tax payers

"7. For the purposes of paragraph 66 (2) (b) of the Act, the register of
wool-tax payers must contain, in relation to each wool-tax payer:

   (a)  the particulars given to the Commissioner under subsection 28 (2), 29
        (2), 30 (2), 31 (2) or 32 (2) of the Administration Act that are
        transmitted by the Commissioner to Wool International under section 63
        of the Act; and

   (b)  any particulars given to Wool International under subregulation 4
        (6).".