Notice Type
Authorities/Other Agencies of State
Fixing of Wool Board Levy Pursuant to section 59 (1) of the Wool Industry Act 1977, notice is hereby given that from and including 1 July 1994, the rate of Wool Board levy shall be: (a) In respect of shorn wool, dags and dag wool sold at auction or on an electronic trading system in New Zealand, 6% of the gross proceeds received from the sale less selling charges and the cost of testing the wool where these costs have been incurred by the grower prior to the sale and can be substantiated by the levy collection agent to the satisfaction of the Wool Board. The cost of transport will not be deductible. (b) In respect of shorn wool, dags and dag wool sold privately in New Zealand, 6% of the gross proceeds received from the sale less the cost of testing the wool where that cost has been incurred by the grower prior to the sale and can be substantiated by the levy collection agent to the satisfaction of the Wool Board. The cost of transport will not be deductible. (c) In respect of shorn wool, dags and dag wool sold through alternative marketing systems, for example pools and tenders, 6% of the gross proceeds received from the sale less any costs, for example testing, selling, crushing, scouring and dumping, which have been incurred by the grower prior to the sale and which can be substantiated by the levy collection agent to the satisfaction of the Wool Board. The cost of transport will not be deductible. (d) In respect of slipe wool and fellmongered wool, an amount per kilogram estimated by the Wool Board to be equivalent to 6% of the seasonally-adjusted, average price for new season's wool sold at auction (the market indicator) during the calendar month 2 months prior to the month in which the levy became payable or, if there were no auctions during that month, during the last calendar month before it in which there was an auction, adjusted to reflect an average yield for slipe wool of 85% and less the average selling charges and testing costs on auction-sold wool for the previous season, as calculated by the Wool Board. (e) In respect of wool on the skin, 3% of the gross proceeds received from the sale of the sheepskin, being a 6% levy on half of the gross proceeds from its sale. (f) In respect of wool which is to be sold for the first time outside New Zealand, 6% of the f.o.b. value of the wool less any costs, for example testing, selling, crushing, scouring and dumping, which have been incurred by the grower prior to export and which can be substantiated by the levy collection agent to the satisfaction of the Wool Board. The cost of transport will not be deductible. Dated this 11th day of May 1994. P. A. CONWAY, Board Secretary, New Zealand Wool Board.
Publication Date
19 May 1994

Notice Number

1994-au3557

Page Number

1707