Commonwealth Numbered Acts

AUSTRALIAN WOOL REALISATION COMMISSION ACT 1991 No. 107 of 1991 - SECT 6

6. The functions of the Commission are: (a) to devise and implement a plan for
the proper management and disposal of the wool stockpile; and

   (b)  to devise and implement a program for the management and payment of
        the accumulated debt; and

   (c)  to operate the Stockpile Fund in accordance with Division 1 of Part 3;

   (d)  to manage, control and maintain:

   (i)  the wool stores properties; and

   (ii) all other assets owned by the Commission on 1 July 1991; and

   (e)  to sell or otherwise dispose of, as would best serve the purposes of
        the debt repayment program, any of the assets of the Commission that
        are not required for the proper performance of the functions of the
        Commission; and

   (f)  to sell or otherwise dispose of all outstanding assets of the
        Commission when the wool stockpile has been disposed of and the
        accumulated debt repaid; and

   (g)  to make recommendations to the Minister regarding the percentage of
        wool tax collected that should be allocated to the repayment of the
        accumulated debt; and

   (h)  to provide, as required, management, personnel, legal and other
        services to:

   (i)  the Corporation; and

   (ii) the Wool Research and Development Corporation; and

   (j)  any function conferred on the Commission by:

   (i)  any other provision of this Act; or

   (ii) any other Act.