Queensland Numbered Acts

MINERAL AND ENERGY RESOURCES (FINANCIAL PROVISIONING) ACT 2018 - SECT 22

22 Powers

(1) Subject to subsection (3), the scheme manager has all the powers of an individual and may, for example—

(a) enter into contracts; and

(b) acquire, hold, deal with and dispose of property; and

(c) appoint agents and attorneys; and

(d) engage consultants; and

(e) do anything else necessary or convenient to be done in the performance of the scheme manager’s functions.

(2) Subject to subsection (3), the scheme manager also has the powers given to the scheme manager under this Act or another Act.

(3) The scheme manager does not have power to borrow money.