Commonwealth Consolidated Acts

WOOL SERVICES PRIVATISATION ACT 2000 - SECT 17

             (1)  As soon as practicable after the conversion time, the Minister must make a written declaration that a specified amount was the net worth of HoldCo immediately after the conversion time.

             (2)  HoldCo's share capital, immediately after the conversion time, is taken to have been equal to the specified amount.

             (3)  The declaration cannot be varied or revoked.

             (4)  A copy of the declaration must be published in the Gazette as soon as practicable after the declaration is made.