Commonwealth Consolidated Acts

WOOL INTERNATIONAL ACT 1993 - SECT 22KB

                   For the purposes of the Corporations Act 2001 :

                     (a)  for each distribution under Part 4B of this Act, WoolStock Australia Limited incurs a debt at the end of the operative day for the distribution; and

                     (b)  in a winding up of WoolStock Australia Limited:

                              (i)  the claims of registered equity holders are admissible to proof against WoolStock Australia Limited; and

                             (ii)  those claims rank behind the debts and claims of all other unsecured creditors.