13Establishment of Ports Assets Ministerial Holding Corporation

#### 13 Establishment of Ports Assets Ministerial Holding Corporation 13 Establishment of Ports Assets Ministerial Holding Corporation > > (1) There is constituted by this Act a corporation with the corporate name of the Ports Assets Ministerial Holding Corporation. > > > (2) The Corporation is a statutory body representing the Crown. > > > (3) The affairs of the Corporation are to be managed by the Treasurer who may authorise another Minister to exercise functions in relation to particular assets, rights and liabilities. > > > (4) Any act, matter or thing done in the name of, or on behalf of, the Corporation by the Treasurer or a Minister authorised by the Treasurer, or with the authority of the Treasurer or any such Minister, is taken to have been done by the Corporation. > > > (5) The Corporation has the functions conferred or imposed on it by or under this or any other Act. > > > (6) The functions of the Corporation are— > > > > > (a) to hold, on behalf of the Crown, ports assets acquired by it or transferred to it, and > > > > > (b) to carry on any activities or business that relate to any ports assets held by it, including demanding, collecting and receiving charges, levies, rates and fees, and > > > > > (c) such other functions for the purposes of an authorised transaction as may be prescribed by the regulations.