About Australian Wool Exchange Limited

In December 1993 the Australian Parliament passed legislation requiring the then statutory wool marketing authority - the Australian Wool Corporation - to divest itself of the responsibility of administering wool marketing arrangements in the Australian Wool Industry. In response, commercial interests representing the wool buyers and sellers in Australia established the Australian Wool Exchange (AWEX) as a public company limited by guarantee to manage and administer wool marketing arrangements in the Australian wool industry. The Australian Wool Exchange commenced operations in February 1994.