R&D Corporation is body corporate etc
10 R&D Corporation is body corporate etc
An R&D Corporation:
is a body corporate with perpetual succession; and
is to have a common seal; and
may acquire, hold and dispose of real and personal property; and
may sue and be sued in its corporate name.
The Public Governance, Performance and Accountability Act 2013 applies to an R&D Corporation. That Act deals with matters relating to corporate Commonwealth entities, including reporting and the use and management of public resources.
The common seal of an R&D Corporation is to be kept in such custody as the Corporation directs, and is not to be used except as authorised by the Corporation.
All courts, judges and persons acting judicially must:
take judicial notice of the imprint of the common seal of an R&D Corporation appearing on a document; and
presume the imprint was duly affixed.
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