9Powers of Government Business Enterprise

9 Powers of Government Business Enterprise

(1)  A Government Business Enterprise has the following powers:

(a) to acquire, hold, dispose of and otherwise deal with property;

(b) to transfer any of its property, rights, liabilities and obligations (whether for valuable consideration or otherwise) to a subsidiary;

(c) to enter into contracts;

(d) to appoint agents and attorneys;

(e) to act as agent for another person;

(f) to form, and participate in the formation of, bodies corporate;

(g) to participate in partnerships, trusts, joint ventures and arrangements for the sharing of profits;

(h) [Section 9 Subsection (1) amended by No. 69 of 1997, Sched. 3, Applied:22 Dec 1997] [Section 9 Subsection (1) amended by No. 69 of 1997, Sched. 3, Applied:22 Dec 1997] to enter into a contract with another person for the performance or exercise of any of its functions or powers either jointly with that other person or by that other person;

(i) to set charges, terms and conditions relating to work done, or services, goods or information supplied, by it except where the Portfolio Act provides otherwise;

(j) to engage consultants and provide consultancy services;

(k) to carry on any business which may conveniently be carried on in conjunction with the performance of its functions;

(l) to do all other things it is authorised to do by or under this or any other Act;

(m) to do all things necessary or convenient to be done in connection with, or incidental to, the performance and exercise of its functions and powers.

(2)  A Government Business Enterprise may perform and exercise its functions and powers in Australia and, if the Portfolio Minister approves, elsewhere.

(3)  A Government Business Enterprise may use and operate under one or more trading names approved by the Portfolio Minister.