Commonwealth Numbered Acts

AUSTRALIAN WOOL CORPORATION ACT 1991 No. 108 of 1991 - SECT 7

7. (1) The Corporation has power to do all things necessary or convenient to
be done in relation to the performance of its functions.

(2) Without limiting subsection (1), the Corporation may:

   (a)  obtain and provide regular market intelligence; and

   (b)  collect and publish statistics relating to wool; and

   (c)  advise woolgrowers, woolclassers and potential buyers of any wool that
        does not meet the quality standards set by the Corporation; and

   (d)  prohibit the offering for sale for export of wool that does not meet
        those standards; and

   (e)  order the withdrawal from sale for export of wool that does not meet
        those standards; and

   (f)  buy and sell wool for use in:

        (i)    technical development projects in which the Corporation is
               participating together with wool processors or manufacturers;
               or

        (ii)   market feasibility studies; and

   (g)  make applications, including joint applications, for patents and trade
        marks; and

   (h)  deal with patents and trade marks vested in the Corporation.

(3) Without limiting subsection (1), the Corporation may, with the approval,
in writing, of the Minister:

   (a)  form, or participate with other persons in the formation of, a
        company; or

   (b)  acquire, hold or dispose of shares or stock in the capital of, or
        debentures or other securities of, a company; or

   (c)  enter into a partnership, or arrange for the sharing of profits, with
        a company.