Commonwealth Numbered Acts

AUSTRALIAN WOOL RESEARCH AND PROMOTION ORGANISATION ACT 1993 No. 63 of 1993 - SECT 7

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

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

   (a)  enter into agreements for the carrying out of research and development
        activities by other persons; or

   (b)  make applications, including joint applications, for patents or trade
        marks; or

   (c)  deal with patents or trade marks vested in the Organisation or in the
        Organisation and other persons; or

   (d)  buy and sell wool only for use in technical development projects in
        which the Organisation is participating together with wool processors
        or manufacturers; or

   (e)  with the written approval of the Minister:

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

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

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

(3) The reference in subparagraph (2)(e)(iii) to profits does not include
profits derived from an agreement relating to an invention, a patent or a
trade mark.