(1) The University—
(a) is a body politic and corporate with perpetual succession; and
(b) may sue and be sued in its corporate name; and
(c) subject to this Act, may purchase, acquire, hold and dispose of real and personal property.
(2) The University may do and suffer all acts and things that a body corporate may by law do and suffer.
(3) Without limiting subsection (1) or (2), the University—
(a) may enter into contracts;
(b) may fix fees and charges;
(c) may employ persons in academic, teaching or other positions in the University on any terms and conditions that it determines and may terminate the employment of any member of staff employed by it;
(d) subject to any guidelines, may be a member of a company, association, trust or partnership;
(e) subject to any guidelines, may form or participate in the formation of a company, association, trust or partnership;
(f) subject to any guidelines, may enter into a joint venture or joint undertaking with any other person or persons;
(g) has any other powers and functions conferred on it by or under—
(i) this Act or any other Act; or
(ii) any university statute or university regulation;
(h) may do anything else necessary or convenient to be done for or in connection with its objects, powers and functions.
(4) The University may exercise its powers and functions—
(a) within and outside Victoria; and
(b) outside Australia.