Powers
11 Powers
The Chemistry Centre has all the powers it needs to perform its functions.
The Chemistry Centre may, for the purpose of performing any of its functions, but subject to any limitation imposed by this Act —
acquire, construct, add to, alter, improve, hold, maintain, manage, develop or dispose of, real or personal property;
enter into a contract or other arrangement, including a contract or arrangement for the provision of services to the Chemistry Centre;
act as an agent or provide consultancy, professional or technical services or other assistance under a contract for services or other arrangement;
with the Minister’s and the Treasurer’s approval, participate in any business concern or acquire, hold and dispose of, shares, units or other interests in or relating to a business concern;
collaborate with any person or body in the performance of its functions;
carry out any investigation, survey, exploration, feasibility study, evaluation or review;
produce and publish information on matters relating to its functions, including results for research and development undertaken by the Chemistry Centre, alone or collaboratively;
produce and deal in any equipment, facilities or system associated with the performance of its functions;
develop and turn to account any technology, software or other intellectual property that relates to its functions and, for that purpose, apply for, hold, exploit and dispose of any patent, patent rights, copyright or similar rights; and
promote and market the Chemistry Centre and its activities.
Subsection (2) does not limit subsection (1) or any of the Chemistry Centre’s other powers.
The Chemistry Centre may —
make any gift for a charitable purpose or any other purpose of benefit to the community or a section of the community;
make any ex gratia payment that it considers to be in the Chemistry Centre’s interest; or
accept any gift or other payment if it is absolute, or subject to conditions that it would be able to satisfy.
In this section —
acquire includes acquiring —
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;
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 a business concern includes form, promote, establish, enter into, manage, dissolve, wind up, and do things incidental to participating in, a business concern.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.