Establishment and incorporation
3 Establishment and incorporation
Flinders University is established.
The University consists of a Council, graduates, staff and students.
Subject to subsection (5), the University is a body corporate invested with full juristic capacity and unfettered discretion, subject to the laws of this State, to conduct its affairs in the manner it thinks fit.
The University may exercise its powers within or outside the State (including outside Australia).
The University must not alienate (except by way of lease for a term not exceeding 21 years), mortgage or charge land vested in or conveyed to the University on trust except with, and in accordance with any terms or conditions of, an approval given by the Governor.
To avoid doubt, subsection (5) does not confer any power to alienate land contrary to the terms of a trust relating to the land.
The University is not an instrumentality or agency of the
Crown.
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