The Act provides for the transfer of assets, rights and obligations, liabilities, rights in land, etc. from a restructuring body to HoldCo (Australian Wool Services Limited or Australian Wool Research and Promotion Organization) or a subsidiary. Section 13 concerns registration of land transfers. Section 14 provides for registration of HoldCo as a company under the Corporations Law. The Minister may, in writing, declare a body to be the research body for the purposes of Division 7. The Minister, on behalf of the Commonwealth, may enter into a contract with the research body (or with the research body and other persons) that provides for the Commonwealth to make payments of the kinds as specified in sections 30-33 to the research body.
أستراليا · 2000-12-07