Australian Wool Innovation Limited (AWI) is the declared wool industry body under the Primary Industries Levies and Charges Disbursement Act 2024. AWI is a not-for-profit company owned by Australian wool levy payers who are registered as AWI shareholders.
AWI is mainly funded through statutory levies, disbursed under the Primary Industries Levies and Charges Disbursement Act 2024, and Australian Government funds for eligible R&D. AWI invests in research and development; marketing and promotion to enhance the profitability, international competitiveness and sustainability of the Australian wool industry; and to increase the demand and market access for Australian wool.
The AWI board is accountable to its members through its constitution established under the Corporations Act 2001 and to the Minister for Agriculture through the Statutory Funding Agreement for the expenditure of monies appropriated by Parliament under the Primary Industries Levies and Charges Disbursement Act 2024.
Further information
-
Type of Body
K. Structures linked to the Australian Government through statutory contracts, agreements and delegations
-
Established By / Under
Act / Regulation
-
Established By/Under More info
Company under the Corporations Act 2001. Declared to be a recipient body for levy and matching payments under s 39(1) of the Primary Industries Levies and Charges Disbursement Act 2024; Primary Industries Levies and Charges Disbursement (List of Declared
-
Annual Report Prepared and tabled?
Yes, but not tabled
-
Classification
D. Other governance relationship
-
Auditor
Other
-
Auditor Other
HLB Mann Judd Assurance
-
Creation Date
-
Postal Address
Level 3, 24 York Street
Sydney NSW 2000
Australia
Last updated: