(1) The Authority has
all the powers it needs to perform its functions under this Act or any other
Act.
(2) The Authority may,
for the purpose of performing any of its functions under this Act or any other
Act, but subject to any limitation imposed by any Act —
(a)
acquire, construct, add to, alter, improve, hold, maintain, manage, develop,
or dispose of, real or personal property;
(b)
enter into any contract or arrangement, including a contract or arrangement
with any person for the performance of the function by that person on behalf
of the Authority;
(c) act
as an agent or provide consultancy, professional, or technical services or
other assistance under a contract for services or other arrangement;
(d)
participate, with the Minister’s approval, in any business concern and,
with the Treasurer’s approval, acquire, hold, and dispose of, shares,
units, or other interests in, or relating to, a business concern;
(e)
carry out any investigation, survey, exploration, feasibility study,
evaluation, or review;
(f)
collaborate in, carry out, or procure the carrying out of, research and
publish information that results from the research;
(g)
produce and deal in any equipment, facilities or system associated with, the
performance of the function;
(h)
develop and turn to account any technology, software or other intellectual
property that relates to the function and, for that purpose, apply for, hold,
exploit and dispose of any patent, patent rights, copyright or similar rights;
and
(i)
promote and market the Authority and its activities.
(3)
Subsection (2) does not limit subsection (1) or any of the
Authority’s other powers.
(4) The Authority
may —
(a) make
any gift for a charitable purpose or any other purpose of benefit to the
community or a section of the community;
(b) make
any ex gratia payment that it considers to be in the Authority’s
interest;
(c)
accept any gift or other payment if it is absolute, or subject to conditions
that it would be able to satisfy.
(5) In this
section —
"acquire" includes taking —
(a) by
way of a lease, licence, easement, or bailment; or
(b) in
any other manner in which an interest in property may be acquired;
"business concern" means a company, a partnership,
a trust, a joint venture, or any other business arrangement;
"dispose of" includes dispose of —
(a) by
way of a lease, licence, easement, or bailment; or
(b) in
any other manner in which an interest in property may be disposed of;
"participate in" includes form, promote,
establish, enter into, manage, dissolve, wind up, and do things incidental to
participating in, a business concern.