(1) Screen Australia has power to do all things necessary or convenient to be done for or in connection with the performance of its functions.
(2) Screen Australia's powers include, but are not limited to, the following powers:
(a) to accept gifts, devises, bequests and assignments (whether on trust or otherwise);
(b) to act as trustee of money, programs or other property vested in Screen Australia on trust;
(c) to act on behalf of the Commonwealth or an authority of the Commonwealth in the administration of a trust relating to programs or to matters connected with programs;
(d) with the written approval of the Minister, but not otherwise:
(i) to form, or participate with other persons in the formation of, a company; or
(ii) to acquire, hold or dispose of shares or stock in the capital of, or debentures or other securities of, a company;
(e) to do anything incidental to any of its functions.
(3) Despite anything contained in this Act, any money, programs or other property held by Screen Australia on trust must be dealt with in accordance with the obligations of Screen Australia as trustee of the trust.