(1) The Foundation has
all the powers it needs to perform its functions.
(2) Without limiting
subsection (1), the Foundation may for the purpose of performing a function
—
(a) make
grants to any of the following —
(i)
sporting organisations;
(ii)
arts organisations;
(iii)
health organisations;
(iv)
community organisations;
(v)
research organisations;
(vi)
youth organisations;
(vii)
racing organisations;
and
(b)
engage in the production or marketing or both of goods and services which
themselves constitute or form part of health promotion activities —
(i)
to promote the object of this Act and the functions of
the Foundation; and
(ii)
to cover the cost of that production or marketing or both
by generating revenue;
and
(c)
acquire, hold, deal with and dispose of real and personal property.