Australian Wool Exchange

AWEX delivers services that add value to the global demand for Australian wool.
AWEX develops and maintains world recognised standards, QA programs and information services.

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.

Today, the Australian wool industry, through AWEX, manages it's own affairs in a self-regulated marketing environment, free of Government intrusion. The successful management of industry self-regulation is based on the direction, membership and organisational structure of AWEX.

The membership of AWEX represents the majority of first-hand wool traded in Australia each year and includes wool brokers, exporters, private treaty merchants, processor, wool producers and associates. The AWEX Board represents each of these classes of membership and is responsible for strategy and policy setting in relation to the implementation of functions.