Notice Type
General Notices
Fixing of Wool Board Levy Pursuant to section 39 (4) of the Wool Board Act 1997, notice is hereby given that from and including 1 July 1998, the rate of Wool Board levy and bases of calculation shall be: (a) In respect of shorn wool, dags and dag wool sold at auction or on an electronic trading system in New Zealand, 5 percent 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, 5 percent 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, 5 percent 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 5 percent 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 percent 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 2.5 percent of the gross proceeds received from the sale of the sheepskin, being a 5 percent levy on half of the gross proceeds from its sale. (f) In respect of greasy wool and scoured wool which is exported from New Zealand, 5 percent 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. (g) In respect of all wool (as defined in the Wool Board Act 1997) other than that falling into the categories (a) to (f) above, e.g., processed and manufactured wool, which is either sold in New Zealand or exported from New Zealand, 5 percent of the original greasy wool value as assessed by the Wool Board. Dated this 24th day of March 1998. LILIAN BAKER, Board Secretary, New Zealand Wool Board.
Publication Date
26 Mar 1998

Notice Number

1998-gn2050

Page Number

1057