142Constitution of the Pricing Authority

142 Constitution of the Pricing Authority

(1) The Pricing Authority: (a) is a body corporate with perpetual succession; and (b) must have a seal; and (c) may acquire, hold and dispose of real and personal property; and (d) may sue and be sued in its corporate name. (2) The seal of the Pricing Authority is to be kept in such custody as the Pricing Authority directs and must not be used except as authorised by the Pricing Authority. (3) All courts, judges and persons acting judicially must: (a) take judicial notice of the imprint of the seal of the Pricing Authority appearing on a document; and (b) presume that the document was duly sealed.