Wool Board Loss A 'Shocking Failure' - ACT
The Wool Board's announcement today that it has made an $11.5 million dollar loss is another shocking failure that wool growers have to pay for, according to ACT Rural Spokesman Owen Jennings.
"The result comes just weeks out from the Board's AGM on October 19 where it will face four separate remits of no confidence.
"Today's result will strengthen growers resolve to vote no confidence and stop the appalling waste of their levy money.
"The result is another admission of the Board's failure. Wool growers are again this year paying dearly for the Board's mismanagement.
"Wool growers desperately short of income will be angry that once again the Board has shown a callous disregard for their interests. The abuse of the levy must stop. The power to stop it is in growers hands at the AGM," said Owen Jennings.