Agriculture, fisheries & forestryStatutory authority
Wool International
December 1993 – July 1999
Statutory corporation that owned and sold down the national wool stockpile under a legislated disposal schedule and repaid the debt incurred in accumulating it.
How it came into existence
Established in December 1993 under the Wool International Act 1993, replacing the Australian Wool Realisation Commission and taking over the wool stockpile and its debt.
- Wool stockpile
- Stockpile debt
Legislation: Wool International Act 1993
Changes during its life
- 21 October 1998Moved to the new Department of Agriculture, Fisheries and Forestry when the Department of Primary Industries and Energy was abolished.
How it ended
Privatised in July 1999 under the Wool International Privatisation Act 1999, becoming the grower-owned company WoolStock Australia Ltd.
Main functions
- Ownership and management of the wool stockpile
- Sale of stockpiled wool under a legislated disposal schedule
- Repayment of stockpile debt
- Distribution of equity to woolgrowers
Where it sits
Last in the portfolio of Department of Agriculture, Fisheries and Forestry.
Lineage
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Sources
Government records and websites
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.