From 1 July 2019, the wool levy and charge rate will reduce from 2 per cent of the sale value or the free-on-board value to 1.5 per cent of the sale value or free-on-board value.
The decrease of 0.5 per cent was agreed by wool producers during the 2018 WoolPoll.
Changes to the wool levy and charge rates are shown in the table below:
| Component | Rate up to 30 June 2019 | Rate commencing 1 July 2019 |
|---|---|---|
| Marketing and R&D | 2 per cent of the sale,
or free-on-board, value | 1.5 per cent of the sale,
or free-on-board, value |
| Total |
2 per cent of sale, or free-on-board value |
1.5 per cent of sale, or free-on-board value |
GST does not apply to Australian Government levies and charges.
Information about the wool levy and charge
You can access information about the wool levy and charge on the department's website.
Who can I contact if I have questions about this notice?
If you have any questions about the wool levy and charge, your levies account or how to lodge your return, please contact the Levies Helpdesk by calling 1800 020 619 or by sending an email to: Levies Management.