53
CurrentEstablishment of Board
Part 5Administration of scheme
Division 1Board
53 Establishment of Board
(1)
There is to be a Board for the Scheme.
(2)
The Board is to be known by its corporate name NT Build.
(3)
The Board:
(a)
is a body corporate; and
(b)
has a common seal; and
(c) is capable, in its corporate name, of acquiring, holding and disposing of real and personal property and of suing and being sued.
(4)
All courts, judges and persons acting judicially must:
(a) take judicial notice of the common seal of the Board affixed to a document; and
(b)
presume that the seal was duly affixed.
This Act’s bill:Second reading speech
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