Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Australia Post has, for or in connection with the performance of its functions, all the powers of a natural person, and may, for example:
(a) enter into contracts;
(b) acquire, hold and dispose of real and personal property;
(c) appoint agents and attorneys, and act as agent for other persons;
(d) form, and participate in the formation of, companies;
(e) subscribe for and purchase shares in, and debentures and other securities of, companies;
(f) participate in partnerships, trusts, unincorporated joint ventures and other arrangements for the sharing of profits;
(g) issue debentures and grant floating charges on its property;
(h) make charges and fix terms and conditions for work done, or services, goods and information supplied, by it;
(j) engage consultants;
(k) accept gifts, grants, bequests and devises made to it, and act as trustee of money and other property vested in it on trust;
(m) offer and pay rewards;
(n) deal in futures and other contracts;
(p) provide consultancy and project management services; and
(q) do such other things as it is authorised to do by or under this Act or any other law of the Commonwealth or any law of a State or Territory.
(2) Australia Post has, in addition to its other powers, power to do all things necessary or convenient to be done for, or in connection with, the performance of its obligation under section 26, and may, for example:
(a) purchase and otherwise acquire land and buildings that it may require;
(b) sell and otherwise dispose of land and buildings that it does not require;
(c) develop land and buildings to enable their more efficient utilisation;
(d) develop and lease land and buildings not immediately required by it; and
(e) develop land and buildings for the purpose of sale.