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WOOL INDUSTRY RESTRUCTURING ACT 2003 - SECT 22
Size of entitlement for non-merino growers
1 The share allocation plan for non-merino growers must provide that the
proportion, and therefore number, of shares in the company to be allocated to
a non-merino grower must be the same proportion that the average number of
non-merino sheep of that grower (calculated under subsection (2)) bears to the
total average number of non-merino sheep of all growers entitled to an
allocation of shares for non-merino growers.
2 The average number of
non-merino sheep of a non-merino grower to be used in the calculation required
by subsection (1) is to be calculated using the following formula:
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