Specific powers
10 Specific powers
Without limiting Part 3
Division 4 or any regulation made under that Division, a statutory corporation may—
sue and be sued; and
acquire, hold, deal with and dispose of real and personal property (or an interest in real or personal property), and grant or hold a lease or licence; and
with the approval of the Minister or as authorised by regulation—acquire, hold, deal with and dispose of shares in, or securities issued by, another body corporate, or participate in the formation of another body; and
with the approval of the Minister or as authorised by regulation—borrow money and obtain other forms of financial accommodation; and
establish and operate ADI accounts and invest money; and
enter into any kind of contract or arrangement; and
exercise other powers conferred by regulation; and
exercise other powers that are necessary, expedient or incidental to the functions of the statutory corporation.
This Act’s bill:Second reading speech
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