Wool Services Privatisation Act 2000 (Cth)

Wool Services Privatisation Act 2000

No. 145, 2000

Compilation No. 9

Compilation date: 1 January 2025

Includes amendments: Act No. 60, 2024

About this compilation

This compilation

This is a compilation of the Wool Services Privatisation Act 2000 that shows the text of the law as amended and in force on 1 January 2025 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents Part 1—Preliminary 1 Short title 2 Commencement 3 Schedule(s) 4 Crown to be bound 5 External Territories 6 Extraterritorial operation Part 2—Privatisation of the Organisation (HoldCo) Division 1—Interpretation 7 Definitions Division 2—Application for registration under the Corporations Law 8 Application for registration Division 3—Transfer of assets etc. before the conversion time 9 Declaration can only be made before conversion time 10 Transfer of assets 11 Transfer of contractual rights and obligations 12 Transfer of liabilities 13 Registration of land transfers 14 Certificates in relation to assets other than land 15 Other transfer methods still available Division 4—Registration of HoldCo as a Corporations Law company 16 Registration as a company under the Corporations Law 17 Share capital 18 Operation of the Corporations Act after conversion time 19 Accounting records Division 5—Shares in HoldCo 20 List of Eligible Woolgrowers 21 Issue of shares to eligible woolgrowers 22 Incorrectly issued shares 23 Cancellation of shares in HoldCo Division 6—Taxation 24 Exemption from stamp duty etc. 25 Share capital 26 No assessable income from issue of HoldCo shares 27 No assessable income to arise from transfers between restructuring bodies 28 Certified demerger matters not to result in CGT event or assessable income 29 CGT cost base for share acquisitions Division 8—Miscellaneous 33 HoldCo not to be a Commonwealth authority etc. 34 Operation of Archives Act 35 Compensation for acquisition of property 36 Certification by Minister that matters relate to restructuring 37 Certificates, declarations etc. taken to be authentic etc. 38 Delegations 39 Regulations Schedule 1—Transitional and savings Part 2—Transitional and savings Endnotes Endnote 1—About the endnotes Endnote 2—Abbreviation key Endnote 3—Legislation history Endnote 4—Amendment history