(1) The Board has the powers necessary to perform its functions.
(2) In particular, the Board has power to do one or more of the following:
(a) acquire, hold and dispose of real (including leasehold) and personal property;
(b) improve any real or personal property owned by, or under the control of, the Board;
(c) enter into contracts.
(3) The Board may, with the Treasurer's approval, borrow, lend, raise or invest money under section 31.
(4) The Board may, on behalf of the Territory:
(a) acquire items for the collection; and
(b) with the approval of the Minister, sell, exchange or otherwise dispose of items in the collection.