7
In forceEstablishment
Part 2High Speed Rail Authority
Division 2Establishment and functions
7 Establishment
(1)
The High Speed Rail Authority is established by this section.
(2)
The Authority:
(a)
is a body corporate; and
(b)
must have a seal; and
(c)
may acquire, hold and dispose of real and personal property; and
(d)
may sue and be sued.
Note:
The Public Governance, Performance and Accountability Act 2013 applies to the Authority. That Act deals with matters relating to corporate Commonwealth entities, including reporting and the use and management of public resources.
(3)
The Authority’s seal is to be kept in such custody as the Board directs and must not be used except as authorised by the Board.
This Act’s bill:Explanatory memorandumSecond reading speech
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