5Establishment

5 Establishment (1) The Independent Competition and Regulatory Commission for the Australian Capital Territory is established. (2) The commission— (a) is a body corporate with perpetual succession; and (b) must have a common seal; and (c) may acquire, hold and dispose of real and personal property; and (d) may sue and be sued in its corporate name. (3) The common seal of the commission must be kept in the custody that the commission directs and must not be used except as authorised by the commission.