Document ID: chunk:federal_register_of_legislation:C2004A04350:body:0:p7
Version: federal_register_of_legislation:C2004A04350
Segment Type: other
Provision Reference: 
Character Range: 16250–18982

wool on which shorn wool tax is payable) applicable for determining the amount of rebate to which each person is entitled.

   "(7) If this Division comes into force on or after 1 June 1992:

     (a) the Commission must, as soon as practicable after the Division is in force, advise the Minister in writing whether the Commission is of the view that on 30 June 1992 there was, or there will be, (as the case may be) money standing to the credit of the Stockpile Fund that, apart from this Division, would not reasonably be required for:

         (i) the prudent management of the debt repayment program; and

          (ii) the operation of the Stockpile Fund in accordance with Part 3; and

    (b) if the Commission advises the Minister as provided in paragraph (a), the Minister must, as soon as possible, make one or both of the following determinations:

         (i) a determination that persons who are, or have been, liable under section 11 of the Administration Act to pay shorn wool tax imposed in the financial year ending on 30 June 1992 should be entitled to receive a payment from the Commission;

         (ii) a determination that persons who will become liable under section 11 of the Administration Act to pay shorn wool tax imposed during the financial year commencing on 1 July 1992 should be entitled to a rebate of that tax;

     or decide not to make a determination under this paragraph; and

    (c)     if the Minister makes the determination referred to in subparagraph (b)(i), the determination is to be taken for the purposes of this Act to be a determination referred to in subparagraph (4)(a)(i) made on 30 June 1992; and

    (d)     if the Minister makes the determination referred to in subparagraph (b)(ii), the determination is to be taken:

       (i) for the purposes of this Act; and

         (ii) for the purposes of section 12A of the Administration Act;

     to be a determination referred to in subparagraph (4)(a)(ii) made on 30 June 1992.

"(8) Before deciding whether to make a determination under this section, the Minister must consult with the Wool Council, the Minister for Finance and the Treasurer.

"(9) A determination under this section must be published in the Gazette.

"(10) If the Minister decides not to make a determination, the Minister must give notice of the decision in the Gazette stating the reasons in support of the decision.

Cash payments to persons who paid shorn wool tax

  "24C.(1) If:

    (a)     the Minister makes in a financial year a determination referred to in subparagraph 24B(4)(a)(i); and

    (b)     a person proves to the satisfaction of the Commission that the person was liable under section 11 of the Administration Act to pay, and has