37BEstablishment of Ministerial Holding Corporation

#### 37B Establishment of Ministerial Holding Corporation 37B Establishment of Ministerial Holding Corporation > > (1) There is constituted by this Act a corporation with the corporate name of the Ministerial Holding Corporation. > > > (2) The affairs of the Corporation are to be managed by the Minister who may authorise another Minister to exercise functions in relation to particular assets, rights and liabilities. > > > (3) Any act, matter or thing done in the name of, or on behalf of, the Corporation by the Minister or a Minister authorised by the Minister, or with the authority of any such Minister, is taken to have been done by the Corporation. > > > (4) The Corporation has the functions conferred or imposed on it by or under this or any other Act. > > > (5) The functions of the Corporation are— > > > > > (a) to hold on behalf of the Crown, retain, transfer and dispose of assets, rights and liabilities transferred to it by or under this or any other Act, and > > > > > (b) to acquire, exchange, lease, dispose of and otherwise deal with property, and > > > > > (c) to develop and manage land transferred to it under this Act or otherwise acquired by it, and > > > > > (d) to carry on any activities or business that relate to any of the above or are incidental or ancillary to any of the above, including demanding, collecting and receiving charges, levies, rates and fees. > > > (6) Without limiting the generality of subsection (5), the Corporation may transfer and dispose of any such assets, rights and liabilities to the Crown or to any person on behalf of the Crown. > > **s 37B:** Ins 1991 No 53, Sch 1. Am 1998 No 145, Sch 2 \[4\].