Commonwealth Consolidated Acts

WOOL INTERNATIONAL ACT 1993 - SECT 4

"conversion time" means the time when Wool International is taken to be registered as a company under Part 5B.1 of the Corporations Law, in accordance with section 14 of the Wool International Privatisation Act 1999 .

"former Commission" means WoolStock Australia Limited, as it existed immediately before the repeal of the Australian Wool Realisation Commission Act 1991 .

"putative equity holder" means:

                     (a)  an individual:

                              (i)  who died, and whose estate was distributed, before 1 September 1997; and

                             (ii)  who would have been a registered equity holder on that day if he or she had not died; or

                     (b)  a company that:

                              (i)  was wound up before 1 September 1997; and

                             (ii)  but for the winding up, would have been a registered equity holder on that day.

"registered equity holder" means a person whose particulars are entered in the register of equity holders.

"registered holder" , in relation to a unit of equity in WoolStock Australia Limited, means the registered equity holder that is the holder of the unit.

"register of equity holders" means the register referred to in section 22B.

"repealed Act" means the Australian Wool Realisation Commission Act 1991 .

"shorn wool" means wool that:

                     (a)  has been obtained by shearing; and

                     (b)  has not been subject to any process other than scouring or carbonising.

"stockpile wool" means wool owned by WoolStock Australia Limited.

"surplus money" has the meaning given by section 22P.

"TrusteeCo" means the company nominated under section 9 of the Wool International Privatisation Act 1999 .

"unclaimed units" means units of equity that are taken to be registered in the name of TrusteeCo by operation of subsection 10(3) of the Wool International Privatisation Act 1999 .

"WoolStock Australia Limited" means:

                     (a)  in relation to a time before the conversion time--the body corporate referred to in section 7 of this Act (as in force immediately before the conversion time); and

                     (b)  in relation to a time after the conversion time--that body as continued in existence by registration under the Corporations Law as mentioned in section 14 of the Wool International Privatisation Act 1999 .

Note:       WoolStock Australia Limited has previously had the following names: "Wool International", "Australian Wool Realisation Commission" and "Australian Wool Corporation".