keep Wool Realization Regulations (Repeal)
This legislative instrument repeals the Wool Realization Regulations, effectively removing government control mechanisms over the wool industry including marketing arrangements and reserve price schemes that previously interfered with market pricing and private property rights in wool production and sales.
Australians would be worse off if this repeal was reversed, as the original Wool Realization Regulations represented classic central planning that distorted market prices, created artificial supply constraints, imposed massive administrative costs on woolgrowers, and prevented the industry from responding to global market signals. The repeal restored price discovery through voluntary exchange, eliminated bureaucratic control over private property (wool clips), and returned marketing decisions to producers—core principles of economic freedom that unleash prosperity.