Australian Wool Realisation Commission Regulations (Amendment) (Cth)

Statutory Rules 1992

No. 205 1

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Australian Wool Realisation Commission Regulations 2(Amendment)

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Australian Wool Realisation Commission Act 1991.

 Dated 23 June 1992.

 BILL HAYDEN

 Governor-General

 By His Excellency’s Command,

SIMON CREAN

Minister of State for Primary Industries and Energy

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1.   Commencement

1.1   Regulation 3 commences on the commencement of the Primary Industries and Energy Legislation Amendment Act (No. 2) 1992.

[NOTE: The remainder of these Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48.]

2.   Amendment

2.1   The Australian Wool Realisation Commission Regulations are amended as set out in these Regulations.

3.      Regulation 5 (Persons who may not be members of the Commission)

3.1   Omit the regulation, substitute:

Persons who may not be members of the Commission

“5. (1)

For the purposes of paragraph 39 (6) (b) of the Act, the prescribed organisation is the Wool Council of Australia.

“(2)

For the purposes of paragraph 39 (6) (c) of the Act, the prescribed organisations are:

• (a)

  the Australian Council of Wool Exporters; and

• (b)

  the Federal Council of Private Treaty Wool Merchants; and

• (c)

  the National Council of Wool Selling Brokers of Australia; and

• (d)

  the Australian Wool Processors Council.”.

4   New regulation 5A

4.1   After regulation 5, add:

Items to be included in the Commission’s annual report

 “5A. For the purposes of subsection 69 (2) of the Act, the following particulars are prescribed:

• (a)

  the title of the legislation establishing the Commission;

• (b)

  the title of the Minister responsible for the Commission;

• (c)

  a statement of the Minister’s powers in relation to the Commission and details of the exercise of those powers;

• (d)

  the powers, functions and objectives of the Commission;

• (e)

  the membership and staff of the Commission;

• (f)

  audited financial statements of the Commission;

• (g)

  details of:

  • (i)

    subsidiaries of the Commission; and

  • (ii)

    partnerships and joint ventures of which the Commission is a member; and

  • (iii)

    shares and other interests held by the Commission in another corporation or company; and

  • (iv)

    futures trading activities undertaken by or on behalf of the Commission in relation to disposal of the wool stockpile; and

  • (v)

    disposal of real property other than wool stores; and

  • (vi)

    property transactions or developments associated with wool stores properties; and

  • (vii)

    any other investments held by the Commission; and

• (h)

  the amount of wool tax receivable;

• (i)

  the activities of the Commission and any operational problems arising during the year and solutions implemented or proposed for those problems;

• (j)

  details of the development and implementation of the Commission’s Equal Employment Opportunity program;

• (k)

  the Commission’s contact point for Freedom of Information requests and a summary of Freedom of Information enquiries received.”.

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 30 June 1992.

2. Statutory Rules 1991 No. 216 as amended by 1991 No. 432