Commonwealth Consolidated Acts

ABORIGINAL AND TORRES STRAIT ISLANDER ACT 2005 - SECT 142F

  (1)   The TSRA may:

  (a)   make a grant of money; or

  (b)   grant an interest in land; or

  (c)   grant an interest in personal property; or

  (d)   make a loan of money (whether secured or unsecured);

to:

  (e)   an individual; or

  (f)   a body corporate (other than a Regional Council); or

  (g)   an unincorporated body;

for the purpose of furthering the social, economic or cultural development of Torres Strait Islanders, or Aboriginal persons, living in the Torres Strait area.

  (2)   A grant or loan is subject to such terms and conditions as the TSRA determines.

  (3)   The TSRA may acquire by agreement an interest in land, or personal property, for the purpose of making a grant under this section.