Table of Contents
Committee Members
CHAPTER 1
THE COMMITTEE'S INQUIRY
Reference of the Bill to the Committee
The Committee's Inquiry
Consideration of the Committee's Report
Acknowledgments
CHAPTER 2
INTRODUCTION
Background to Wool International Limited
Size of stockpile and its reduction
Wool International
WoolStock Australia Limited
Position of significant interest groups/press commentary
CHAPTER 3
PROVISIONS OF THE BILL
Definitions
Registration of Wool International Limited as a public company
Nomination of TrusteeCo to hold shares etc
Share capital
Conversion of Wool International into WoolStock Australia Limited
Shares in Wool International
Charges on shares
Dealings by TrusteeCo with unclaimed units or wrong-name units
Capital gains tax
Exemption from income tax
Commonwealth guarantee
Schedule 2 - Amendments to the Wool International Act 1993
CHAPTER 4
ISSUES RAISED BY THE BILL - THE PROPOSED STRUCTURE AND OPERATION OF
WOOLSTOCK AUSTRALIA
Introduction
Proposed WSA Constitution
Proposed WSA Operations and Business Plan
Woolstock Australia and TrusteeCo
Other Matters
CHAPTER 5
CONCLUSIONS AND RECOMMENDATIONS
Draft Constitution for WSA
TrusteeCo
Recommendation
APPENDICES
Appendix 1 - Submissions Received
Appendix 2 - List of Witnesses Appearing Before
the Committee
Appendix 3 - Draft Constitution of WoolStock Australia
Limited
see http://www.woolstock.aust.com/
Appendix 4 - WoolStock Australia Limited Summary
of Proposed Voting Requirements
Appendix 5 - Summary of Wool Interim Advisory Board
Consultations with National and State Wool Industry Groups