10R&D Corporation is body corporate etc.

#### 10 R&D Corporation is body corporate etc. (1) An R&D Corporation: (a) is a body corporate with perpetual succession; and (b) is to 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. > Note: The Public Governance, Performance and Accountability Act 2013 applies to an R&D Corporation. That Act deals with matters relating to corporate Commonwealth entities, including reporting and the use and management of public resources. (2) The common seal of an R&D Corporation is to be kept in such custody as the Corporation directs, and is not to be used except as authorised by the Corporation. (3) All courts, judges and persons acting judicially must: (a) take judicial notice of the imprint of the common seal of an R&D Corporation appearing on a document; and (b) presume the imprint was duly affixed.