Victorian Current Acts Victorian Current ActsS. 21(1) amended by No. 19/2003 s. 29(2).
(1) For the purpose of performing its functions, the Corporation, in addition to all other powers conferred on it by this Act or any other Act—
S. 21(1)(a) amended by No. 87/1995 s. 7(3)(a).
(a) may, subject to this Act, carry out works at Albert Park, in a designated access area or, in accordance with arrangements entered into between the Corporation and the owners of the Phillip Island Grand Prix circuit, at the circuit;
S. 21(1)(aa) inserted by No. 87/1995 s. 7(3)(b).
(aa) may, subject to this Act, establish sporting facilities and sporting services;
S. 21(1)(ab) inserted by No. 87/1995 s. 7(3)(b).
(ab) may, subject to this Act, establish supporting facilities, services and activities in connection with the holding of a Formula One event or an Australian Motorcycle Grand Prix event;
S. 21(1)(ac) inserted by No. 87/1995 s. 7(3)(b).
(ac) may promote Melbourne and Victoria as tourist destinations;
(b) may carry on advertising and promotional activities;
S. 21(1)(c) amended by No. 87/1995 s. 7(3)(c).
(c) may charge and collect fees for admission, during the race period in respect of a year, to the declared area in respect of that year or to a designated access area;
S. 21(1)(d) amended by No. 87/1995 s. 7(3)(c).
(d) during the race period in respect of a year, may control admission to the declared area in respect of that year or to a designated access area;
S. 21(1)(da) inserted by No. 87/1995 s. 7(3)(d).
(da) may charge and collect fees for admission to, and control admission to, the Phillip Island Grand Prix circuit for Australian Motorcycle Grand Prix events, in accordance with arrangements entered into between the Corporation and the owners of the circuit;
S. 21(1)(e) amended by No. 87/1995 s. 7(3)(e).
(e) may publish or produce books, programs, brochures, maps or any other printed material, films, videotapes, souvenirs, apparel or other things relating to a Formula One event, an Australian Motorcycle Grand Prix event or a motor sport event;
(f) may display, exhibit, sell or supply food and beverages, books, programs, brochures, maps or any other printed material, films, videotapes, souvenirs, apparel or any other goods or services;
(g) may employ or engage staff or consultants;
(h) may provide consultancy, advisory and project management services;
S. 21(1)(i) amended by No. 87/1995 s. 7(3)(f).
(i) may grant, for free or other consideration advertising rights, sponsorship rights, broadcasting rights or television rights or any other rights, licences or concessions in connection with—
(i) Formula One events promoted by the Corporation; or
(ii) Australian Motorcycle Grand Prix events;
(j) may restrict, control and make charges for the use of grand prix insignia;
(k) may take out policies of insurance;
(l) may acquire and hold any licence under any Act;
S. 21(1)(la) inserted by No. 87/1995 s. 7(3)(g).
(la) may enter into leases;
S. 21(1)(lb) inserted by No. 87/1995 s. 7(3)(g).
(lb) may acquire, or dispose of, real or personal property;
(m) with the approval of the Minister, may acquire or assume assets, rights and liabilities of Melbourne Grand Prix Promotions Pty Ltd A.C.N. 059 230 278;
(n) may appoint agents and attorneys, and act as agent;
(o) may do all other things necessary or convenient to be done for or, in connection with, or as incidental to, the performance of its functions.
(2) Without limiting the generality of powers conferred on it, the Corporation—
(a) may, with the approval of the Minister, after consultation with the Treasurer, be a member of a body corporate, association, partnership, trust or other body;
(b) may, with the approval of the Minister, after consultation with the Treasurer, form, or participate in the formation of, a body corporate, association, partnership, trust or other body;
(c) may, with the approval of the Minister, after consultation with the Treasurer, enter into a joint venture with another person or other persons;
(d) may accept gifts, grants, bequests and devises.
(3) The Corporation must not provide a guarantee or indemnity without the approval in writing of the Treasurer or of a person authorised in writing by the Treasurer to give an approval under this subsection.