Commonwealth Numbered Acts Commonwealth Numbered Acts
Contents
Part 1--Preliminary 1
1 Short title 1
2 Commencement 2
3 Schedule(s) 2
4 Crown to be bound 2
5 External Territories 2
6 Extraterritorial operation 2
Part 2--Privatisation of Wool International 3
Division 1--Interpretation 3
7 Definitions 3
Division 2--Preliminary matters 5
8 Application for registration under Part 5B.1 of the Corporations Law 5
9 Nomination of TrusteeCo to hold shares, units etc. on behalf of other persons 5
10 Transfer of units etc. to TrusteeCo 6
11 Validation of number of units 7
12 Certificates in respect of units continue to have effect 7
13 Share capital 7
Division 3--Conversion of Wool International into a company 8
14 Registration under Part 5B.1 of the Corporations Law 8
15 Operation of the Corporations Law after conversion time 8
Division 4--Shares in Wool International 9
16 Issue of shares to registered equity holders 9
17 Charges on shares 10
18 Dealings by TrusteeCo with shares held for putative equity holders 11
19 Dealings by TrusteeCo with shares held in respect of unclaimed units or wrong-name units 11
Division 5--Taxation 13
20 Operation of CGT rules 13
21 Distributions in respect of units 13
22 Tax treatment of stockpile activities 14
23 Share capital 14
Division 6--Miscellaneous 15
24 WoolStock Australia Limited not to be an agency of the Commonwealth etc. 15
25 Compensation for acquisition of property 15
26 Limited continuation of Commonwealth guarantee 16
27 Limited continuation of the repealed section 22ZG 16
28 Accounting records 16
29 Regulations 17
Schedule 1--Amendments commencing on Royal Assent 18
Wool International Act 1993 18
Schedule 2--Amendments commencing at the conversion time 19
Wool International Act 1993 19
Wool Tax (Administration) Act 1964 31
Wool International Privatisation Act 1999
No. 40, 1999
An Act to privatise Wool International, and for related purposes
[ Assented to 3 June 1999 ]
The Parliament of Australia enacts: