Australian Wool Realization Commission
16 November 1945 – 1952
Statutory commission that represented Australia in the joint United Kingdom–Dominion disposal of the wartime wool stockpile and distributed Australia's share of the resulting profits to wool growers.
How it came into existence
Established on 16 November 1945 under the Wool Realization Act 1945, which gave effect to the agreement with the United Kingdom, New Zealand and South Africa for the orderly disposal of the stockpile through a joint organisation, United Kingdom–Dominion Wool Disposals Ltd. It took over from the Central Wool Committee.
- Handling of the government-owned wartime wool stockpile
Legislation: Wool Realization Act 1945; Wool Realization (Distribution of Profits) Act 1948
How it ended
Wound up in the early 1950s, after the joint organisation had sold the last of the stockpile in 1951 and the profits had been distributed to growers; it had no successor body.
Main functions
- Representing Australia in the joint wool disposals organisation
- Disposal of stockpiled wool alongside new-season wool
- Distribution of disposal profits to growers
- Winding up the wartime wool purchase arrangements
Where it sits
Last in the portfolio of Department of Commerce and Agriculture.
Lineage
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Sources
Some dates or links for this organisation are uncertain. Corrections are welcome.