Australian Wool Innovation digs into its reserves

Joely Mitchell
Updated October 13 2020 - 10:48am, first published 10:45am
AWI chair Colette Garnsey says continued drawing down on reserves is unsustainable for the company in the long term.
AWI chair Colette Garnsey says continued drawing down on reserves is unsustainable for the company in the long term.

The income Australian Wool Innovation received from wool levies last financial year was the third-lowest in the company's 20-year history, so was the decision to reduce the levy wool growers paid from 2 per cent to 1.5pc last year a bad call?

Joely Mitchell

Joely Mitchell

Stock & Land editor

Joely started her career at Stock & Land as a cadet journalist in 2016. She is now the editor of the paper.

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