142FTSRA may make grants and loans

142F TSRA may make grants and loans

(1) The TSRA may: (a) make a grant of money; or (b) grant an interest in land; or (c) grant an interest in personal property; or (d) make a loan of money (whether secured or unsecured); to: (e) an individual; or (f) a body corporate (other than a Regional Council); or (g) an unincorporated body; for the purpose of furthering the social, economic or cultural development of Torres Strait Islanders, or Aboriginal persons, living in the Torres Strait area. (2) A grant or loan is subject to such terms and conditions as the TSRA determines. (3) The TSRA may acquire by agreement an interest in land, or personal property, for the purpose of making a grant under this section.