TABLE OF CONTENTS
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
Importance of the wool industry
Background to Wool International
Size of stockpile and its reduction
Decision to freeze the stockpile
Chapter 3
Provisions of the Bill - Freezing of the Stockpile
The Bill
Views on the freeze of sales from the wool stockpile
- Support for the freeze
- Opposition to the freeze
Chapter 4
Provisions of the Bill - Privatisation of Wool International
Proposed process for privatisation of Wool International
Justification for privatisation of WI
Call for consultation
Criticism of privatisation
Committee concerns regarding the proposed privatisation of Wool International
Chapter 5
Suggested Amendments to the Bill
Suggested amendments and recommendations put forward in the evidence
Chapter 6
Conclusions and Recommendations
Introduction
Recommendations
Dissenting Report by Senators Forshaw, O'Brien and
McKiernan
The basis for the freeze
Impact of the freeze on private sector initiatives
Impact of the freeze on wool prices
The de-mutualisation of Wool International
Consultation with industry
Cost of privatisation
Conclusions
Recommendations
Reservation
Senator John Woodley on Behalf of the Australian Democrats
Appendices
Appendix 1 - List of submissions received
Appendix 2 - List of witnesses appearing before the
Committee