National Reconstruction Fund Corporation Act 2023
11Establishment
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11 Establishment
(1) The National Reconstruction Fund Corporation (the Corporation) is established by this section. (2) The Corporation: (a) is a body corporate; and (b) must have a seal; and (c) may acquire, hold and dispose of assets; and (d) may sue and be sued.
Note: The Public Governance, Performance and Accountability Act 2013 applies to the Corporation. That Act deals with matters relating to corporate Commonwealth entities, including reporting and the use and management of public resources.
(3) The Corporation’s seal is to be kept in such custody as the Board directs and must not be used except as authorised by the Board.