Commonwealth Numbered Acts

AUSTRALIAN WOOL REALISATION COMMISSION ACT 1991

TABLE OF PROVISIONS

           Long Title

   1.      Short title  
   2.      Commencement  
   3.      Interpretation  
   4.      Australian Wool Realisation Commission  
   5.      Objects of Commission  
   6.      Functions of Commission  
   7.      General powers  
   8.      Powers relating to disposal of wool stockpile  
   9.      Assessment and revision of plan for disposal of stockpile  
   10.     Schedule for repayment of accumulated debt  
   11.     Assessment and revision of debt repayment program  
   12.     Management of wool stores properties  
   13.     Shares held by subsidiary company  
   14.     Recommendation relating to rate of tax etc.  
   15.     Consultation  
   16.     Committees  
   17.     Delegation  
   18.     Performance of functions etc. subject to guidelines  
   19.     Stockpile Fund  
   20.     Dealings with Stockpile Fund  
   21.     Balance remaining to the credit of the Stockpile Fund  
   22.     Guidelines for payments to wool producers  
   23.     Commission must make payments to wool producers  
   24.     Appropriation for Stockpile Fund  
   25.     Payments to Commission  
   26.     Commission may charge for services  
   27.     Administrative expenses  
   28.     Raising of money by Commission  
   29.     Hedging through currency contracts etc.  
   30.     Bank accounts  
   31.     Investment of money of Commission  
   32.     Commission to prepare corporate plans  
   33.     Agreement to corporate plans  
   34.     Variation of corporate plans by Commission  
   35.     Variation of corporate plans at request of Minister  
   36.     Date of effect of variations  
   37.     Annual operational plans  
   38.     Agreement to and variation of annual operational plans  
   39.     Membership of Commission  
   40.     Deputy of Chairperson  
   41.     Disclosure of interests  
   42.     Leave of absence of appointed members  
   43.     Resignation  
   44.     Ending of appointments for misbehaviour etc.  
   45.     Meetings of Commission  
   46.     Conduct of meetings  
   47.     Minister to request nomination for membership of Commission  
   48.     Selection Committee  
   49.     Selection of persons for nomination  
   50.     Nominations for Corporation  
   51.     Minister may ask for additional information or reject nomination  
   52.     Meetings of Selection Committee  
   53.     Abolition of Selection Committee  
   54.     Staff and consultants  
   55.     Applied provisions  
   56.     Managing Director  
   57.     Acting Managing Director  
   58.     Management of affairs of Commission  
   59.     Employees  
   60.     Persons employed under repealed Act  
   61.     Commission to develop and implement equal employment opportunity program  
   62.     Regard to be had to equal employment opportunity program  
   63.     Employment matters to be dealt with on basis of merit  
   64.     Audit  
   65.     Proper accounts to be kept  
   66.     Minister may give directions in exceptional circumstances  
   67.     Liability to taxation  
   68.     Remuneration and allowances  
   69.     Annual report  
   70.     Report to meeting of Wool Council  
   71.     Conduct of directors, servants and agents  
   72.     Regulations  
   73.      Cessation of operation of Act  
   74.     Repeal  
   75.     Appointed directors  
   76.     Committees  
   77.     Selection Committee  
   78.     Transfer to Wool Research and Development Corporation of money standing to credit of Research Fund  
   79.     Transfer to Australian Wool Corporation of money standing to credit of Promotion Reserve etc.  
   80.     Commission to meet outstanding payments under certain schemes  
   81.     Transitional - annual report  
   82.     Commission not liable to be sued in certain cases  
   83.     Regulations may make transitional provision etc.