12Powers

12 Powers

(1) Creative Australia has power to do all things necessary or convenient to be done for, or in connection with, the performance of its functions. (2) Creative Australia’s powers include, but are not limited to, the following powers: (a) the power to enter into contracts; (b) the power to erect buildings; (c) the power to occupy, use and control any land or building owned or held under lease by the Commonwealth and made available for the purposes of Creative Australia; (d) the power to acquire, hold and dispose of real or personal property; (e) the power to accept gifts, devises, bequests and assignments (whether on trust or otherwise); (f) the power to act as trustee of money or other property vested in Creative Australia on trust; (g) the power to provide financial assistance (whether by way of loan, grant, investment, award or otherwise and whether on commercial terms or otherwise); (h) the power to provide guarantees; (i) the power to commission or sponsor arts projects or other activities; (j) the power to provide or administer services, facilities, programs or equipment; (k) the power to do anything incidental to any of its powers. (3) Despite anything contained in this Act, any money or other property held by Creative Australia on trust, or accepted by Creative Australia subject to a condition, must be dealt with in accordance with the obligations of Creative Australia as trustee of the trust, or as the person who has accepted the money or other property subject to the condition.