The Wool Board Dis-establishment Company still expects to make a final distribution in the near future of the remaining funds it's holding on behalf of sheep farmers.
But DISCO can't name a date for that yet, because of on-going legal action by a woolgrowers' group that's spent more than a decade in a legal battle to get compensation from the former board.
Disco is holding more than $7 million in reserve funds for about 13,000 sheep farmers who are entitled to a share of the money.
But woolgrowers associated with the Saxmere company are seeking $4 million to compensate them for levies paid to the former Wool Board.
They say the levies should have been returned to them to market the super-fine wool they produce from their Saxon sheep.
New submission to Supreme Court
The group failed in its most recent legal move when it asked the Supreme Court to set aside a Court of Appeal ruling against it.
The case was brought on the grounds that one of the judges may have been unconsciously biased because of his association with one of the Wool Board's lawyers.
But Saxmere has not given up and has made a fresh submission to the Supreme Court.
The group says it's now raising questions of judicial disclosure.
DISCO says it cannot make any payment to farmers until the Saxmere group's new application has been dealt with.
