122BBFunctions and powers under Fund provisions

##### 122BB Functions and powers under Fund provisions (1) In addition to the legal capacity and powers that it has by virtue of section 67 of the Companies Act 1981, the Corporation: (a) has such functions and powers as are conferred on it by the provisions of this Part; and (b) shall perform any functions, and may exercise any powers, that are conferred, or expressed to be conferred, on it by the provisions of a law of a participating State or participating Territory that correspond with this Part. (2) Section 68 of the Companies Act 1981 does not apply in relation to a function or power conferred, or expressed to be conferred, as mentioned in paragraph (1)(a) or (b) of this section. (3) Except so far as the contrary intention appears, a reference in this Part to functions or powers of the Corporation under the Fund provisions is a reference to functions or powers conferred, or expressed to be conferred, as mentioned in paragraph (1)(a) or (b).