Powers of Authority
152 Powers of Authority
In this section —
acquire includes taking —
by way of a lease, licence, easement or bailment; or
in any other manner in which an interest in property may be acquired;
business concern means a company, a partnership, a trust, a joint venture, or any other business arrangement but does not include a research body;
dispose of includes dispose of —
by way of a lease, licence, easement or bailment; or
in any other manner in which an interest in property may be disposed of;
participate in includes form, promote, establish, enter into, manage, dissolve, wind‑up, and do things incidental to participating in, a business concern;
property means property of every kind, whether real or personal, tangible or intangible, corporeal or incorporeal, and any interest in property;
research body means a body, whether incorporated or not, which —
has its principal office within the Commonwealth; and
has among its principal objects the carrying out of research, investigation, inquiries or studies into biosecurity, agricultural activities or management or related matters within the Commonwealth.
The Authority has all the powers it needs to perform its functions.
The Authority may —
acquire, develop, dispose of, and otherwise deal with, property; and
subject to section 153, participate in any business concern or research body and acquire, hold and dispose of shares, units or other interests in, or relating to, a business concern or research body; and
enter into a contract or arrangement; and
develop and turn to account any technology, software, resource or intellectual property and, for that purpose, apply for, hold, receive, exploit and dispose of any intellectual property; and
use the expertise and resources of the department to provide consultancy, advisory or other services for profit.
In exercising any power under this section the Authority may act in conjunction with —
any person or firm, or public authority; or
any department of the Public Service, or any agency, of the Commonwealth.
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