Document ID: chunk:federal_register_of_legislation:C2004A05288:section:21
Version: federal_register_of_legislation:C2004A05288
Segment Type: section
Provision Reference: s 21
Character Range: 17394–18474

21  Pooling transactions

 (1) Anything done by or in relation to the Board under Division 2 or 3 of Part 4 of the Wheat Marketing Act 1989 before the commencement of this section in connection with new season wheat has effect, and is taken at all relevant times to have had effect, as if it had been done by the Board in the capacity of agent of nominated company B.

 (2) Any new season wheat bought by the Board before the commencement of this section for sale as part of a pool and on terms requiring payment for the wheat to be made according to Division 3 of Part 4 of the Wheat Marketing Act 1989 is taken to be, and at all relevant times to have been, new season wheat bought by the Board in the capacity of agent of nominated company B.

 (3) Any contract entered into by the Board before the commencement of this section for the sale or disposal of pool return wheat, being new season wheat, bought by the Board has effect, and is taken at all relevant times to have had effect, as if it were entered into by the Board in the capacity of agent of nominated company B.