The regulations may make provision for a registered native title body corporate to do all or any of the following:
(a) if it does not hold the native title on trust under section 56, or regulations made for the purposes of that section--to act as agent or representative of the common law holders in respect of matters relating to the native title;
(b) to perform in a specified way any functions in relation to the native title given to it under other provisions of this Act;
(ba) to perform in a specified way any functions, in relation to a compensation application, given to it under other provisions of this Act;
(c) to hold on trust, or perform functions in relation to, compensation under this Act;
(d) to consult with, and act in accordance with the directions of, the common law holders, or persons entitled to compensation under this Act, in performing any of its functions;
(e) if it does not hold the native title on trust--to enter into agreements in relation to the native title that are binding on the common law holders, provided the agreements have been made in accordance with processes set out in the regulations;
(f) to perform any other functions in relation to the native title, or compensation under this Act.