Australian Wool Corporation

Formed on 1 January 1973 under the Wool Industry Act 1972 by merging the Australian Wool Board and the Australian Wool Commission, combining wool promotion and research with the reserve price scheme.

Legislation: Wool Industry Act 1972; Wool Marketing Act 1987

1. 12 June 1974Moved to the Department of Agriculture when the Department of Primary Industry was renamed.
2. 22 December 1975Moved to the re-created Department of Primary Industry.
3. 1987The Wool Marketing Act 1987 replaced the Wool Industry Act 1972 as the corporation's enabling Act.
4. 24 July 1987Moved to the new Department of Primary Industries and Energy.
5. February 1991The reserve price scheme was suspended and then abandoned, leaving the corporation with a large wool stockpile and associated debt.
6. 1 July 1991The wool stockpile and its debt passed to the new Australian Wool Realisation Commission and wool research funding to the new Wool Research and Development Corporation; the corporation kept wool promotion.

Merged with the Wool Research and Development Corporation in December 1993 to form the Australian Wool Research and Promotion Organisation under the 1993 wool legislation, while the wool stockpile passed from the Australian Wool Realisation Commission to the new Wool International.

• Operation of the wool reserve price scheme
• Holding and selling the wool stockpile
• Wool promotion, including through the International Wool Secretariat
• Funding of wool research and development (to 1991)
• Wool marketing services and standards
• Advice to government on the wool industry

Last in the portfolio of Department of Primary Industries and Energy.

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Some dates or links for this organisation are not fully confirmed. Corrections are welcome.