Document ID: chunk:federal_register_of_legislation:C2004A04350:body:0:p4
Version: federal_register_of_legislation:C2004A04350
Segment Type: other
Provision Reference: 
Character Range: 8400–11281

Corporation.".

Interpretation

  8. Section 38 of the Principal Act is amended:

  (a)     by omitting "have been" and substituting "are";

    (b)    by omitting "for the purposes of the general meeting to be held in that financial year" and substituting "on the day of the meeting".

Register of wool-tax payers

  9. Section 40 of the Principal Act is amended:

    (a) by omitting subsections (1) and (2) and substituting the following subsections:

     "(1) The Corporation must establish and maintain a register for the purpose of ascertaining whether a person is entitled to debate and vote at the annual general meeting, and any special general meeting, held in a particular financial year.

     "(1A) The Corporation must cause to be entered on the register the particulars of any person who:

         (a)     applies to have his or her particulars entered on the register; and

         (b)     was liable to pay wool tax imposed during the financial year immediately preceding the financial year in which the application is made; and

       (c)     has paid that wool tax.

     "(1B) If a person's particulars are on the register, their registration is renewed if:

       (a)     the person applies for the registration to be renewed; and

         (b)     the person was liable to pay wool tax imposed during the financial year immediately preceding the financial year in which the application is made; and

       (c)     the person has paid that wool tax.

     "(1C) A person whose particulars are on the register may, at any time, apply in writing to have those particulars removed from the register.

     "(1D) Unless a person has applied under subsection (1C) to have his or her particulars removed from the register, those particulars are to remain on the register for a period of 3 years beginning:

         (a)     on 1 July in the financial year in which the particulars were entered on the register under subsection (1A); or

         (b)     if the registration of the particulars was renewed under subsection (1B)—on 1 July in the financial year in which the registration was renewed or last renewed (as the case may be).

     "(1E) A person's particulars are to be removed from the register if:

         (a)     the person has applied under subsection (1C) to have them removed; or

         (b)     they are not required to remain on the register under subsection (1D).

     "(2) The register is to be used also to ascertain whether a person is an eligible levy payer for the purposes of the annual general meeting of the Wool Research and Development Corporation held 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