4Establishment of Tasmanian Beef Industry (Research and Development) Trust

4 Establishment of Tasmanian Beef Industry (Research and Development) Trust

(1)  There is established by this Act a body corporate to be known as the Tasmanian Beef Industry (Research and Development) Trust.

(2)  The Trust –

(a) has perpetual succession until it is dissolved by virtue of section 17 (2) ; and

(b) shall have a common seal; and

(c) may sue, and be sued, in its corporate name; and

(d) may do, and be subject to, all other things that a body corporate may by law do and be subject to and that may be necessary for, or incidental to, the purposes of this Act; and

(e) has the functions imposed, and the powers conferred, on it by or under this or any other Act.

(3)  The common seal of the Trust shall not be affixed to a document except in pursuance of a resolution of the Trust and every sealing shall be authenticated by the signature of at least 2 members of the Trust.

(4)  All courts, judges and persons acting judicially shall take judicial notice of the common seal of the Trust affixed to a document and, unless the contrary is established, shall presume that it was duly affixed.