Document ID: chunk:federal_register_of_legislation:C2004A04350:body:0:p5
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in a particular year.";

    (b)    by inserting in paragraph (3)(b) "on a registration under subsection (1A) or the renewal of a registration under subsection (1B)" after "register";

  (c)     by omitting from subsection (4) "A" and substituting "The".

Purpose of annual general meeting

10. Section 43 of the Principal Act is amended by inserting after paragraph (1)(b) the following paragraph:

      "(ba) any motion relating to a matter within the Corporation's responsibilities;".

Membership of Corporation

11. Section 49 of the Principal Act is amended by omitting subsection (6) and substituting the following subsection:

"(6) The following persons may not be appointed as members of the Corporation:

  (a)     a Member of Parliament;

    (b)     an individual who is a member of a prescribed organisation (being an organisation representing a sector of the wool industry);

    (c)     an individual who is a member of the executive of a prescribed organisation (being an organisation representing a sector of the wool industry).".

Interpretation

  12. Section 77 of the Principal Act is amended:

    (a)     by omitting "by the Association" from paragraph (a) of the definition of "examinable document";

    (b)    by omitting "the Association" from the definitions of "registered laboratory", "registered sampling site" and "registered showfloor" and substituting "the registration authority prescribed for the purposes of this definition";

  (c)     by adding at the end the following definition:

     "; 'registration authority' has the meaning given by section 77A".

13. After section 77 of the Principal Act the following section is inserted:

Registration authorities

  "77A. Each of the following is a registration authority:

  (a)     the Association;

  (b)     any person or body prescribed for the purposes of this section.".

PART 4—AMENDMENTS OF THE AUSTRALIAN WOOL REALISATION COMMISSION ACT 1991

Principal Act

14. In this Part, "Principal Act" means the Australian Wool Realisation Commission Act 19913.

Assessment and revision of debt repayment program

15. Section 11 of the Principal Act is amended by omitting "the accumulated debt is repaid over the shortest period possible" and substituting "the program is at all times managed prudently".

Performance of functions etc. subject to guidelines

16. Section 18 of the Principal Act is amended by omitting from subsection (3) all words after "specify" and substituting "the maximum amount of the accumulated debt that may remain unpaid at the end of each financial year included in the period over which the debt is to be repaid".

Dealings with Stockpile Fund

17. Section 20 of the Principal Act is amended by inserting after subparagraph (2)(a)(ii) the following subparagraph:

  "(iia) in the payment of amounts payable under section 24C; or".

18. After Division 2 of Part 3 of the Principal Act the following Division is inserted:

"Division 2A—Surplus money in Stockpile Fund

Interpretation

  "24A. In this Division:

'shorn wool tax' means