6
In forceEstablishment
Part 2Northern Australia Infrastructure Facility
6 Establishment
(1)
The Northern Australia Infrastructure Facility is established by this section.
Note:
The Public Governance, Performance and Accountability Act 2013 applies to the Facility. That Act deals with matters relating to Commonwealth entities, including reporting and the use and management of public resources.
(2)
The Facility:
(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.
(3)
The Facility’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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