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Wool Stocktake : AWI Annual Report 2009-10
During 2009/10, AWI has had extensive and robust links with its key stakeholder groups: the Australian wool industry and the Australian government. The organisation's partnership with the Australian wool industry is underlined by: • The various mechanisms by which woolgrowers can directly influence the direction of AWI and its marketing, R&D and industry services activities. Specifically: o The triennial WoolPoll, which allows eligible woolgrowers to vote on their preferred levy rate, endorse broad investment decisions, and provide feedback on other issues relevant to the industry; o The biennial election of AWI Board directors o Six monthly woolgrower workshops; and o Six monthly industry consultative committee meetings. • AWI's industry engagement strategy, which focuses on establishing and nurturing an extensive network of industry and commercial partners, who value and support AWI, its business strategies and mutual benefits through partnering. These relationships provide AWI with effective conduits to delivery market information, R&D and marketing outcomes for the Australian wool industry. Mechanisms by which AWI engaged industry during 2009/10 include: o Regular meetings with woolgrower representative bodies and key processors; o Numerous forums with woolgrowers in wool producing areas; and o Outreach publications -- primarily the quarterly Beyond the Bale magazine, and the AWI website (www.wool.com). AWI's partnership with the Australian Government during 2009/10 was underlined by: • regular interaction with the Government (through formal six monthly and quarterly meetings, participation in such government processes as Senate Estimates, and day-to-day discussions); • the import that AWI places on the government's Rural Research and Development Priorities in developing its Strategic and Annual Operating Plans; • the renegotiation of, and ongoing compliance with, the SFA; and • AWI's development of a Statement of Intent for the National RD&E Framework. As a result of its strong links with government and the wool industry, AWI is strongly positioned to: • adapt to changing market conditions; • deliver R&D solutions that are responsive to industry and government needs; and • provide a vital link between government and industry to ensure efficient and effective investment in R&D. AWI continues to maintain a strong focus on accountability and on its internal control environment. It engages the services of the following leading professional services firms: is engaged annually to conduct the external audit and report to shareholders. and provide specific advice on taxation and other related matters pertaining to AWI and TWC respectively, as required. AWI has a portfolio of intellectual property (IP) assets comprising patents, plant breeders' rights, trademarks, registered design, business names, copyright, domain names, unregistered know-how and contractual rights. Many of these assets are owned jointly with other organisations, including Government departments, statutory corporations, CSIRO and commercial R&D companies. In addition to the above IP assets, AWI is the beneficial owner of all IP assets owned by The Woolmark Company Pty Limited (TWC) and its associated entities. These include the WOOLMARK logo, WOOLMARK BLEND logo and WOOL BLEND logo which are registered in over 90 countries across multiple classes of goods (see page 10). IP is an important company asset. AWI's objective is to control and manage its IP to the maximum benefit of Australian woolgrowers by ensuring rapid, widespread adoption or commercialisation of its IP along the wool supply chain. AWI seeks to develop revenue from IP and invest it back into R&D and marketing on behalf of woolgrowers. Royalty income from IP assets owned by AWI, excluding TWC assets contributed $67,402.49 in 2009/10 representing income earnt in the 2008/09 year. Income earnt in the 2009/10 year will not be realised until midway through the 2010/11 financial year. Registered IP which is owned by AWI (including TWC) or in which AWI has an interest is included in the table opposite. During 2009/10 AWI signed 23 commercial contracts with industry and commercial entities for use of its IP. REPORT OF OPERATIONS -- SUPPORT
AWI Annual Report 2008-09
AWI Annual Report 2010-11