The functions of each of the three Boards varied, with third reincarnation having the widest powers that included the promotion of the use of wool and wool products in Australia and other countries; the power to inquire into, and from time to time report upon the methods of marketing wool and any other matters connected with the marketing of wool; and such other functions as were conferred on the Board by the Australian Government or as approved by the Minister for Primary Industries.
[6] IWS had established the Woolmark trade mark in 1964 and owned it.
[7] AWRC continued to operate until 2002, with the main task being the liquidation of the wool stockpile arising from the failed Australian Wool Reserve Price Scheme.
AWRAP had two subsidiaries: IWS and Australian Wool Innovation Limited (AWI).
Australian Wool Services Limited (AWS) was formed in 2001, and succeeded AWRAP.