Northern Territory Treasury Corporation Act 1994

The Corporation, in performing its functions under this Act, has, in addition to any other power given under this Act, both within and outside the Territory:

the powers conferred on a company under the Corporations

Act 2001;

without limiting paragraph (a), power to issue debentures, bonds, inscribed stock and other securities and power to redeem, buy back, hold, cancel, re-issue, re-sell or otherwise deal with the same; and

such other powers as may be conferred on it by the Treasurer.

Without limiting the generality of subsection (1), the

Corporation may:

enter into contracts;

grant security for performance of obligations or repayment of the

Corporation or any other person;

grant guarantees and indemnities in respect of, or otherwise assume responsibility for, the obligations of any person;

assume a liability incurred by a person;

form, or participate in the formation of, a body corporate, association, partnership, trust or other body;

be a member of, or acquire an interest in, a body corporate, partnership, trust or other body;

enter into a joint venture with another person or persons;

appoint agents and attorneys for the purpose of exercising any of its powers or performing any of its functions, and act as agent for any person;

accept money on deposit;

open an account or accounts with any bank, within Australia or elsewhere;

issue, draw, accept, endorse or discount bills of exchange, promissory notes or other negotiable instruments; or

enter into interest rate swaps, currency swaps, hedge agreements, financial options, futures contracts or options, forward exchange rate agreements or analogous transactions, whether or not the transaction is entered into for the purpose of managing or protecting against any financial or currency risk.