Australian Wool Research and Promotion Organisation (AGM) Regulations (Amendment) (Cth)

Statutory Rules 1997

No. 218 1

__________________

Australian Wool Research and Promotion Organisation (AGM) 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 Research and Promotion Organisation Act 1993.

Dated 20 August 1997.

 WILLIAM DEANE

 Governor-General

By His Excellency’s Command,

john anderson

Minister for Primary Industries and Energy

____________

1.   Amendment

1.1   The Australian Wool Research and Promotion Organisation (AGM) Regulations are amended as set out in these Regulations.

[Note: These Regulations commence on gazettal: see Acts Interpretation

Act 1901, s. 48.]

2.   Regulation 3 (Notice of intention to participate in AGM)

2.1   Subregulation 3 (1):

Omit “49 days”, substitute “35 days”.

2.2   Subregulation 3 (2):

Add at the end:

• “; and (d)

  whether the person wishes to receive a copy of:

  • (i)

    the most recent annual report and financial statements of the Organisation, and the Auditor‑General’s report on those statements; or

  • (ii)

    the most recent financial statements of the Organisation and a report by the Chairperson on the Organisation’s performance in the year to which those statements relate.”.

2.3   Subregulation 3 (5):

Omit “49 days”, substitute “35 days”.

2.4   Subregulation 3 (6):

Omit “49 days”, substitute “35 days”.

3.   Regulation 5 (Number of days for notice of AGM)

3.1   Omit “70 days”, substitute “56 days”.

4.   Regulation 6 (Preparation of agenda for AGM)

4.1   Paragraph 6 (a):

Omit “55 days”, substitute “41 days”.

5.   Regulation 7 (Notice of AGM agenda, notices of motion, etc.)

5.1   Subregulation 7 (2):

Omit “42 days”, substitute “28 days”.

5.2   Paragraph 7 (2) (b):

Omit the paragraph, substitute:

• “(b)

  a copy of the reports and statements the wool-tax payer has asked to receive in the notice given under subregulation 3 (2).”.

5.3   Paragraph 7 (3) (b):

Omit “42 days”, substitute “28 days”.

6.   Regulation 8 (Notice of no confidence motion)

6.1   Paragraph 8 (1) (b):

Omit “56 days”, substitute “42 days”.

7.   Regulation 10 (Proxies)

7.1   Subregulation 10 (3):

Omit the subregulation, substitute:

 “(3)A person is not entitled to vote at an AGM as a proxy for a recorded wool-tax payer who is:

• (a)

  attending the AGM; or

• (b)

  represented at the AGM by an authorised representative.”.

8.   Regulation 11 (Authorised representatives of certain wool-tax payers)

8.1   Subregulation 11 (4):

Omit the subregulation.

9.   New regulation 11A

9.1   After regulation 11, insert:

Voting by body corporate, partnership or trust

 “11A.A recorded wool-tax payer that is a body corporate, a partnership or the trustee, or trustees, of a trust estate may vote at an AGM only:

• (a)

  by proxy appointed under regulation 10; or

• (b)

  by an authorised representative appointed under regulation 11.”.

10.   Regulation 12 (Voting at an AGM)

10.1   Add at the end:

 “(5)For this regulation, a vote by an authorised representative of a wool-tax payer is taken to be a vote in person.”.

_____________________________________________________

NOTES

1. Notified in the Commonwealth of Australia Gazette on 27 August 1997.

2. Statutory Rules 1995 No. 8.