20Functions

20 Functions

The functions of the Corporation are—

(a) to negotiate, enter into and vary agreements under which Formula One events are held;

S. 20(b) substituted by No. 87/1995 s. 7(2).

(b) to undertake and facilitate the organisation, conduct, management and promotion of Formula One events and Australian Motorcycle Grand Prix events;

(c) to establish at Albert Park a temporary motor racing circuit and supporting facilities for Formula One events;

(d) to do all other things necessary for or in connection with the conduct and financial and commercial management of each Formula One event promoted by the Corporation;

(e) with the consent of the Minister, to negotiate and enter into an agreement for the holding of, and to undertake the organisation, conduct, management and promotion of, a motor sport event approved by the Minister;

S. 20(ea) inserted by No. 39/2025 s. 20.

(ea) with the consent of the Minister, to negotiate and enter into an agreement for the holding of, and to undertake the organisation, conduct, management and promotion of, an event (other than a motor sport event or a Formula One event) approved by the Minister;

S. 20(f) amended by No. 19/2003 s. 29(1).

(f) such other functions as are conferred on the Corporation under this Act or any other Act.