Document ID: chunk:federal_register_of_legislation:F2025C00033:clause:1_1:p1
Version: federal_register_of_legislation:F2025C00033
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 1/3)
Character Range: 113046–115763

1          1.5% of the value of the wool (the general component)

 (2) The value of wool is:
 (a) for wool that is sold—the sale price of the wool, excluding handling, storage and transport costs; or
 (b) for wool (the relevant wool) that is used in the production of other goods—the market price of wool of the same quality that is most recently sold at a market that is closest to the premises at which the relevant wool begins to be so used.
Note 1: Section 22 of the Act has the effect that the reference to the sale price or market price of wool is taken not to include the net GST.
Note 2: In 2024, the Australian Wool Exchange published market prices of wool.

18‑4  Levy payer
  The levy on wool is payable by the person who owns the wool immediately after it is harvested.

18‑5  Application provision
  Clause 18‑1 applies in relation to wool that is sold, or used in the production of other goods, on or after 1 July 2025, whether the wool is harvested before, on or after that day.

Part 1‑5—Other animals

Division 19—Introduction

19‑1  Simplified outline of this Part

      Farmed prawns
      There are 2 levies on farmed prawns:
             (a) farmed prawns levy is imposed on farmed prawns that are harvested in Australia and delivered, sold or processed; and
             (b) white spot disease repayment levy is imposed on farmed prawns that are harvested in Australia and delivered, sold or processed.
      There are levy exemptions.
      Game animals
      Game animal processing levy is imposed on the processing at a processing establishment in Australia of game animals that were killed in their habitat by a shot from a firearm and are for human consumption.
      Macropods
      Macropod processing levy is imposed on the processing at a processing establishment in Australia of macropods that were killed in their habitat by a shot from a firearm and are for human or animal consumption. There are levy exemptions.
      Ratites
      Ratite slaughter levy is imposed on the slaughter in Australia at an abattoir of ratites for human consumption. There are levy exemptions.

Division 20—Farmed prawns

20‑1  Imposition of farmed prawns levy and white spot disease repayment levy

Farmed prawns levy
 (1) Levy is imposed on farmed prawns if:
 (a) the farmed prawns are harvested in Australia; and
 (b) one of the following applies:
 (i) the farmed prawns are delivered to a person in Australia by the person who owns the farmed prawns immediately after they are harvested;
 (ii) the farmed prawns are sold by the person who owns the farmed prawns immediately after they are harvested;
 (iii) the farmed prawns are processed by or for the person who owns the farmed prawns immediately