Powers of the Academy
2.6A.6 Powers of the Academy
S. 2.6A.6 inserted by No. 32/2021 s. 4.
The Academy has power to do all things that are necessary or convenient to be done for or in connection with, or as incidental to, meeting its objectives or the performance of its functions including any function delegated to it.
Without limiting subsection (1), the Academy may—
enter into a joint venture with any other person or persons; and
apply for, use, obtain, hold and dispose of, whether on its own behalf or jointly with any other person, any intellectual property rights; and
assign or grant licences in respect of intellectual property rights, with or without charge; and
enter into licences for the use of real property; and
enter into contracts, agreements or arrangements, including for the commercial exploitation of intellectual property rights; and
supply and sell goods and services on a commercial basis; and
conduct research; and
charge a fee for services provided by the Academy.
The Academy, in the performance of its functions, may exercise its powers within or outside Victoria.
This section does not limit any other power given to the Academy by any other provision of this Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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