Commonwealth Consolidated Acts

WOOL SERVICES PRIVATISATION ACT 2000

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Schedule(s)  
   4.      Crown to be bound  
   5.      External Territories  
   6.      Extraterritorial operation  

   PART 2--PRIVATISATION--OF THE ORGANISATION (HOLDCO)

           Division 1--Interpretation

   7.      Definitions  

           Division 2--Application for registration under the Corporations Law

   8.      Application for registration  

           Division 3--Transfer of assets etc. before the conversion time

   9.      Declaration can only be made before conversion time  
   10.     Transfer of assets  
   11.     Transfer of contractual rights and obligations  
   12.     Transfer of liabilities  
   13.     Registration of land transfers  
   14.     Certificates in relation to assets other than land  
   15.     Other transfer methods still available  

           Division 4--Registration of HoldCo as a Corporations Law company

   16.     Registration as a company under the Corporations Law  
   17.     Share capital  
   18.     Operation of the Corporations Act after conversion time  
   19.     Accounting records  

           Division 5--Shares in HoldCo

   20.     List of Eligible Woolgrowers  
   21.     Issue of shares to eligible woolgrowers  
   22.     Incorrectly issued shares  
   23.     Cancellation of shares in HoldCo  

           Division 6--Taxation

   24.     Exemption from stamp duty etc.  
   25.     Share capital  
   26.     No assessable income from issue of HoldCo shares  
   27.     No assessable income to arise from transfers between restructuring bodies  
   28.     Certified demerger matters not to result in CGT event or assessable income  
   29.     CGT cost base for share acquisitions  

           Division 7--Commonwealth funding for research body

   30.     Declaration of research body  
   31.     Funding contract with research body  
   32.     Setting the rate of wool levy  

           Division 8--Miscellaneous

   33.     HoldCo not to be a Commonwealth authority etc.  
   33A.    Ministerial directions  
   34.     Operation of Archives Act  
   35.     Compensation for acquisition of property  
   36.     Certification by Minister that matters relate to restructuring  
   37.     Certificates, declarations etc. taken to be authentic etc.  
   38.     Delegations  
   39.     Regulations  
           SCHEDULE 1 Transitional and savings