Commonwealth Numbered Acts

WOOL INTERNATIONAL ACT 1993 No. 64 of 1993 - SECT 10

10. (1) Wool International is to perform its functions, and exercise its
powers, in the manner most likely to further the object of this Act.

(2) Subject to subsection (1) and to the requirements of the disposal
schedule, Wool International must, as far as possible, perform its functions,
and exercise its powers, in such a way as would, if the performance of those
functions constituted a business conducted by Wool International, best advance
that business, having regard to the requirements of sound commercial practice.

(3) To avoid doubt, it is declared that the power of Wool International to
dispose of property includes the power to dispose of real property of Wool
International if Wool International is satisfied that such disposal would be
in accordance with subsection (2).