• Specific Year
    Any

WOOL SERVICES PRIVATISATION ACT 2000

Table of Provisions

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

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  

Navigate