On 1 November 1944 the Prime Minister, Mr Curtin announced that:  
  "The Government has decided to establish a Wool Consultative 
  Council, representative of all sections of the wool industry, 
  within the Ministry of Post-war Reconstruction. It will be the 
  duty of this council to advise the Government, the departments 
  concerned and the Australian Wool Board on all current wool
  problems. The personnel of the council will include the Secretary 
  of the Department of Commerce, representatives of the Departments 
  of Commerce and Post-war Reconstruction, the Council for
  Scientific and Industrial Research, the Australian Wool Board, 
  woollen manufactures, textile distributors, technical education 
  authorities, the Australian Workers Union and the Textile Workers 
  Union. (Commonwealth Government Digest of Decisions and
  Announcements No. 92, No.1944 p.6)

The Wool Consultative Council was established on 15 June 1945, the date of commencement of The Wool Promotion Act 1945, which also established the Australian Wool Board [II] (CA 2267). Section 14 of the Act stated that the purpose of the Council was to advise the Treasurer [I] (CA 11), the Minister for Post-War Reconstruction (CA 49), The Minister for Commerce and Agriculture (CA 48) and the Minister administering the Science and Industry Research Act
1926-1945, on "matters concerning the Australian Wool Industry". 

The Council consisted of the Commonwealth Wool Adviser, two members of the Australian Wool Board [II] actively engaged in the production of wool who had been selected by the Minister for Commerce and
Agriculture and six other members appointed by the Minister to represent:
 The Council for Scientific and Industrial Research (CA 486)
 Wool manufacturers
 Textile distributors
 Authorities concerned with technical education
 The Australian Workers' Union
 The Australian Textile workers' Union

The Minister was able to appoint a member of the Council as Chairman and to pay remuneration and allowances out of the Wool Research Trust Account established by the Act. The Council was to meet at such times or places as directed by the Minister. At meetings of the Council five members formed a quorum. The Chairman, or a member elected in his stead, presided over meetings. Questions were decided by a majority of votes, the Chairman having a deliberate vote and a casting vote in event of an equality of votes.

The Australian Wool Board [II] was abolished on 30 June 1953 and replaced by the Australian Wool Bureau (CA 216) under the provisions of the Wool Use Promotion Act 1953. It appears that the Wool Consultative Council was abolished at this time, as the new Bureau absorbed the staff and duties of the Wool Board [II] and the consultative function formerly attributed to the Council. The operations, staffing, location and termination of the Wool Consultative Council are subject to further research.
Historical agency address
Royal Insurance Building, 416 Collins Street, Melbourne
Legislation administered
Creation: Commonwealth of Australia Acts No. 3 of 1945, Wool Use Promotion Act 1945
Abolition: Commonwealth of Australia Acts No. 23 of 1953, Wool Use Promotion Act 1953