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  • Fact 10

    In 1936, at the request of the Australian Wool Growers Council, a wool tax was imposed to help the production of wool and to extend the use of wool throughout the world. It was levied at 6d (about 5c) per bale on all sales of shorn wool produced in Australia.

Profit and loss statement / statement of financial performance

A periodic statement showing the revenue, expenses and net profit or loss of a business or other entity.

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