Wool International Amendment Regulations 1999 (No. 1) (Cth)

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Wool International Amendment Regulations 1999 (No. 1)

Statutory Rules 1999 No. 129

I, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations under the Wool International Act 1993 and the Wool International Privatisation Act 1999.

Dated 29 June 1999.

WILLIAM DEANE

Governor-General

By His Excellency’s Command,

MARK VAILE

Minister for Agriculture, Fisheries and Forestry

Wool International Amendment Regulations 1999 (No. 1)1

Statutory Rules 1999 No. 1292

made under the

Wool International Act 1993 and the Wool International Privatisation Act 1999

   

Contents

Page

  1. •
  2. •
 

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1Name of regulations

 These regulations are the Wool International Amendment Regulations 1999 (No. 1).

2Commencement
  1. (1)

    Subject to subregulation (2), these regulations commence on the commencement of Schedule 2 to the Wool International Privatisation Act 1999.

  2. (2)

    Schedule 2 commences immediately after Schedule 1 commences.

3Amendment of Wool International Regulations

Schedules 1 and 2 amend the Wool International Regulations.

Schedule 1 Amendmentsgeneral

(regulation 3)

Part1Amendments

[1]Regulation 1

substitute

1Name of regulations

 These regulations are the Wool International Regulations 1993.

[2]Regulation 2

substitute

2Interpretation

 In these regulations, unless the contrary intention appears:

Act means the Wool International Act 1993.

Privatisation Act means the Wool International Privatisation Act 1999.

wool-tax payer means a person who pays wool tax.

Note   The following terms used in these regulations are defined in s 4 of the Act:

_

registered equity holder

_

registered holder

_

register of equity holders

_

WoolStock Australia Limited

_

wool tax.

[3]Regulation 2A, definition of registration certificate

omit

[4]Regulation 2A, definition of unit certificate

substitute

unit certificate means a certificate given by WoolStock Australia Limited stating that the person named in the certificate is the registered holder of the number of units of equity stated in the certificate on the date of the certificate, and includes a certificate to that effect given before 15 December 1997, but does not include a certificate given under section 22M of the Act.

[5]Regulation 2B

omit

a registration certificate or

[6]Subregulation 2F (1)

omit

If

insert

Subject to section 11 of the Privatisation Act, if

[7]Subregulation 2F (1), at the foot

insert

Note   Section 11 of the Privatisation Act provides that the number of units of equity shown in the register immediately before the commencing time for that Act is taken to be correct.

[8]Paragraph 2G (2) (b)

omit

or registration

[9]Paragraph 2G (2) (c)

omit

Wool International.

insert

WoolStock Australia Limited; and

[10]After paragraph 2G (2) (c)

insert

  1. (d)

    the documents required by the constitution of WoolStock Australia Limited for a transfer of shares in WoolStock Australia Limited.

[11]Regulation 2J, heading

substitute

2JNew unit certificates on transfer

[12]Paragraph 2J (a)

before

certificate

insert

unit

[13]Paragraph 2J (b)

omit

registration

insert

unit

[14]Paragraph 2J (c)

omit

registration

insert

unit

[15]Paragraph 2L (2) (b)

omit

or registration

[16]Paragraph 2M (1) (b)

omit

or registration

[17]Paragraph 2N (1) (b)

omit

or registration

[18]Paragraph 2O (1) (b)

omit

or registration

[19]Regulation 2Q, heading

substitute

2QNew unit certificates on death etc of unit holder

[20]Paragraph 2Q (a)

before

certificate

insert

unit

[21]Paragraph 2Q (b)

omit

registration

insert

unit

[22]Subparagraph 2T (b) (i)

omit

or registration

[23]Regulation 2V, heading

substitute

2VUnit certificates on registration of charge

[24]Paragraph 2V (a)

omit

registration

insert

unit

[25]Subparagraph 2V (b) (i)

before

certificate

insert

unit

[26]Subparagraph 2V (b) (ii)

omit

registration

insert

unit

[27]Subparagraph 2V (b) (iii)

omit

registration

insert

unit

[28]Subregulation 2X (2)

omit each mention of

subsection 22Q (1)

insert

subsection 22P (3)

[29]Subregulation 2X (2), at the foot

insert

Note   The amount becomes available for distribution at the end of a day (the operative day) determined by WoolStock Australia Limited under subs 22P (4) of the Act.

[30]Subregulation 2X (3), note

omit

[31]Subregulation 2ZC (1)

omit

or registration

[32]Subregulation 2ZD (1)

substitute

  1. (1)

    Subregulation (2) applies if WoolStock Australia Limited has an amount available for distribution under Part 4B of the Act to:

    1. (a)

      a wool-tax payer mentioned in subsection 22C (1) of the Act in force before the commencement of these regulations whose name is not known to WoolStock Australia Limited; or

    2. (b)

      a person whose address is not known; or

    3. (c)

      a beneficiary under a charge to whom a request for a statement has been given under subregulation 2X (2) and who has not complied with the request in accordance with subregulations 2X (2) and (3).

[33]Paragraph 2ZE (b)

omit

or registration

[34]Regulation 3

omit

[35]Regulation 4

omit

[36]Regulation 6

omit

[37]Regulation 7

omit

Part2Additional amendments

[38]Additional amendments

Provision

omit

insert

Part 2, heading

WoolInternational

WoolStock Australia Limited

Regulation 2A, definition of stamp duty compliance certificate

Wool International

WoolStock Australia Limited

Regulation 2A, definition of unit of equity

Wool International

WoolStock Australia Limited

Subregulation 2C (2)

Wool International

WoolStock Australia Limited

Regulation 2E

Wool International

WoolStock Australia Limited

Subregulation 2F (1)

(occurring twice)

Wool International

WoolStock Australia Limited

Paragraph 2F (2) (b)

Wool International

WoolStock Australia Limited

Subregulation 2G (2)

Wool International

WoolStock Australia Limited

Subregulation 2G (3)

(occurring 3 times)

Wool International

WoolStock Australia Limited

Subregulation 2H (1)

Wool International

WoolStock Australia Limited

Subregulation 2I (1)

Wool International

WoolStock Australia Limited

Regulation 2J

Wool International

WoolStock Australia Limited

Regulation 2K

(occurring 3 times)

Wool International

WoolStock Australia Limited

Subregulation 2L (1)

(occurring 4 times)

Wool International

WoolStock Australia Limited

Subregulation 2L (2)

Wool International

WoolStock Australia Limited

Subregulation 2L (3)

(occurring 3 times)

Wool International

WoolStock Australia Limited

Subregulation 2L (4)

(occurring twice)

Wool International

WoolStock Australia Limited

Regulation 2M, heading

Wool International

WoolStock Australia Limited

Subregulation 2M (1)

Wool International

WoolStock Australia Limited

Subregulation 2M (2)

(occurring 3 times)

Wool International

WoolStock Australia Limited

Subregulation 2N (1)

(occurring twice)

Wool International

WoolStock Australia Limited

Subregulation 2N (2)

(occurring 3 times)

Wool International

WoolStock Australia Limited

Subregulation 2N (4)

Wool International

WoolStock Australia Limited

Subregulation 2O (1)

(occurring twice)

Wool International

WoolStock Australia Limited

Subregulation 2O (2)

(occurring 3 times)

Wool International

WoolStock Australia Limited

Subregulation 2O (4)

Wool International

WoolStock Australia Limited

Subregulation 2P (1)

Wool International

WoolStock Australia Limited

Subregulation 2P (2)

Wool International

WoolStock Australia Limited

Regulation 2Q (occurring twice)

Wool International

WoolStock Australia Limited

Subregulation 2R (2)

(occurring 3 times)

Wool International

WoolStock Australia Limited

Regulation 2T

(occurring 3 times)

Wool International

WoolStock Australia Limited

Subregulation 2U (1)

Wool International

WoolStock Australia Limited

Regulation 2V

Wool International

WoolStock Australia Limited

Regulation 2W

(occurring twice)

Wool International

WoolStock Australia Limited

Subregulation 2X (1)

Wool International

WoolStock Australia Limited

Subregulation 2X (2)

(occurring 3 times)

Wool International

WoolStock Australia Limited

Subregulation 2X (3)

(occurring twice)

Wool International

WoolStock Australia Limited

regulation 2y

(occurring twice)

Wool International

WoolStock Australia Limited

Regulation 2Z, heading

Wool International

WoolStock Australia Limited

Regulation 2Z

(occurring twice)

Wool International

WoolStock Australia Limited

Regulation 2ZB

Wool International

WoolStock Australia Limited

Subregulation 2ZC (1)

Wool International

WoolStock Australia Limited

Subregulation 2ZC (2)

(occurring 4 times)

Wool International

WoolStock Australia Limited

Subregulation 2ZC (4)

Wool International

WoolStock Australia Limited

Subregulation 2ZD (2)

Wool International

WoolStock Australia Limited

Subregulation 2ZD (3)

(occurring twice)

Wool International

WoolStock Australia Limited

Regulation 2ZE

Wool International

WoolStock Australia Limited

Regulation 4A, heading

Wool International

WoolStock Australia Limited

Schedule 2 Amendmentsrenumbering

(regulation 3)

Do not delete: Schedule Part placeholder

[1]After regulation 4A

insert

4BReferences in documents to renumbered provisions

 A reference in a document to a provision of these regulations by the number it had immediately before the commencement of this regulation is a reference to the provision by its number after renumbering.

[2]Regulations

renumber consecutively beginning with 1

[3]A reference in the regulations to a renumbered provision of the regulations

omit the provision number, insert its number after renumbering

Notes

1. These regulations amend Statutory Rules 1993 No. 336, as amended by 1994 Nos. 43 and 89; 1996 No. 143; 1997 Nos. 78 and 356.

2. Made by the Governor-General on 29 June 1999, and notified in the Commonwealth of Australia Gazette on 30 June 1999. 

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