Commonwealth Consolidated Acts Commonwealth Consolidated ActsNo. 145, 2000
Compilation No. 8
Compilation date: 5 March 2016
Includes amendments up to: Act No. 10, 2015
Registered: 13 May 2016
About this compilation
This compilation
This is a compilation of the Wool Services Privatisation Act 2000 that shows the text of the law as amended and in force on 5 March 2016 (the compilation date).
The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.
Uncommenced amendments
The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.
Application, saving and transitional provisions for provisions and amendments
If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.
Editorial changes
For more information about any editorial changes made in this compilation, see the endnotes.
Modifications
If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.
Self-repealing provisions
If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.
Contents
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
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
Part 2--Transitional and savings
Endnotes
Endnote 1--About the endnotes
Endnote 2--Abbreviation key
Endnote 3--Legislation history
Endnote 4--Amendment history
The endnotes provide information about this compilation and the compiled law.
The following endnotes are included in every compilation:
Endnote 1--About the endnotes
Endnote 2--Abbreviation key
Endnote 3--Legislation history
Endnote 4--Amendment history
Abbreviation key--Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.
Legislation history and amendment history--Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.
The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.
The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.
Editorial changes
The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.
If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.
Misdescribed amendments
A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation "(md)" added to the details of the amendment included in the amendment history.
If a misdescribed amendment cannot be given effect as intended, the abbreviation "(md not incorp)" is added to the details of the amendment included in the amendment history.
ad = added or inserted | o = order(s) |
am = amended | Ord = Ordinance |
amdt = amendment | orig = original |
c = clause(s) | par = paragraph(s)/subparagraph(s) |
C[x] = Compilation No. x | /sub-subparagraph(s) |
Ch = Chapter(s) | pres = present |
def = definition(s) | prev = previous |
Dict = Dictionary | (prev ... ) = previously |
disallowed = disallowed by Parliament | Pt = Part(s) |
Div = Division(s) | r = regulation(s)/rule(s) |
ed = editorial change | reloc = relocated |
exp = expires/expired or ceases/ceased to have | renum = renumbered |
effect | rep = repealed |
F = Federal Register of Legislation | rs = repealed and substituted |
gaz = gazette | s = section(s)/subsection(s) |
LA = Legislation Act 2003 | Sch = Schedule(s) |
Sdiv = Subdivision(s) | |
(md) = misdescribed amendment can be given | SLI = Select Legislative Instrument |
effect | SR = Statutory Rules |
(md not incorp) = misdescribed amendment | Sub-Ch = Sub-Chapter(s) |
cannot be given effect | SubPt = Subpart(s) |
mod = modified/modification | underlining = whole or part not |
No. = Number(s) | commenced or to be commenced |
Endnote 3--Legislation history
Act | Number and year | Assent | Commencement | Application, saving and transitional provisions |
145, 2000 | 7 Dec 2000 | Schedule 1: 1 Jan 2001 (see Gazette 2000, No. S638) |
| |
Corporations (Repeals, Consequentials and Transitionals) Act 2001 | 55, 2001 | 28 June 2001 | s 4-14 and Sch 3 (items 569, 570): 15 July 2001 (s 2(3) and gaz 2001, No. S285) | |
New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002 | 117, 2002 | 2 Dec 2002 | -- | |
Agriculture, Fisheries and Forestry Legislation Amendment Act (No. 1) 2004 | 54, 2004 | 27 Apr 2004 | Sch 3 (item 2): 27 Apr 2004 (s 2(1) item 7) | -- |
Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006 | 101, 2006 | 14 Sept 2006 | Sch 5 (items 177-179) and Sch 6 (items 5-11): 14 Sept 2006 (s 2(1) item 4) | Sch 6 (items |
82, 2012 | 28 June 2012 | Sch 1 (items 125-133): 29 June 2012 (s 2(1) item 2) | Sch 1 (items 132, 133) | |
103, 2013 | 29 June 2013 | Sch 4 (items 35, 36): 29 June 2013 (s 2(1) item 16) | -- | |
Rural Research and Development Legislation Amendment Act 2013 | 146, 2013 | 13 Dec 2013 | Sch 5 (item 14), Sch 7 (items 4, 6, 7) and Sch 8 (items 22, 23): 13 Dec 2013 (s 2(1) item 2) | -- |
10, 2015 | 5 Mar 2015 | Sch 3 (items 346-349): 5 Mar 2016 (s 2(1) item 2) | Sch 3 (items 348, 349) |
Provision affected | How affected | |
Pt 2 |
| |
Div 1 |
| |
s 7..................... | am No 101, 2006; No 146, 2013 | |
Div 4 |
| |
hdg to s 18................ | am No 55, 2001 | |
s 19.................... | am No 55, 2001 | |
Div 6 |
| |
Note to s 27(2) ............. | am No 117, 2002 | |
Div 7 |
| |
s 30.................... | am No 55, 2001; No 10, 2015 | |
s 31.................... | am No 54, 2004; No 101, 2006; No 82, 2012; No 146, 2013 | |
Note to s 31(8A) ........... | am No 82, 2012 | |
s 32.................... | am No 146, 2013 | |
Div 8 |
| |
s 33A................... | ad No 146, 2013 | |
s 38.................... | rs No 146, 2013 | |
Sch 1 |
| |
hdg to Sch 1............... | rs No 103, 2013 | |
Pt 1 of Sch 1.............. | rep No 103, 2013 | |