AWI crying poor despite record $120 million financial reserves

Joely Mitchell
Updated October 26 2018 - 1:01pm, first published October 24 2018 - 7:00pm
Australian Wool Innovation chief executive Stuart McCullough and chairman Wal Merriman during Senate Estimates in Canberra last year. They both attended another hearing on Tuesday.
Australian Wool Innovation chief executive Stuart McCullough and chairman Wal Merriman during Senate Estimates in Canberra last year. They both attended another hearing on Tuesday.

Australian Wool Innovation (AWI) has claimed it would become insolvent if a majority 1.5 per cent levy was voted in at this year’s WoolPoll, despite a record $120 million sitting in the company’s financial reserves. 

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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