4Establishment of Tasmania Development and Resources

4 Establishment of Tasmania Development and Resources

(1)  *[Section 4 Subsection (1) substituted by No. 76 of 1995, s. 6 ]*The Tasmanian Development Authority is continued as a body corporate with the corporate name of Tasmania Development and Resources.

(2)  *[Section 4 Subsection (2) amended by No. 76 of 1995, s. 28 and Sched. 1 ]*TDR –

(a) has perpetual succession;

(b) shall have a common seal;

(c) may take proceedings, and be proceeded against, in its corporate name;

(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)  *[Section 4 Subsection (3) amended by No. 76 of 1995, s. 28 and Sched. 1 ]*The common seal of TDR shall not be affixed to a document except in pursuance of a resolution of TDR and every sealing shall be authenticated by the signature of –

(a) 2 directors; or

(b) a director and an officer of TDR who is an authorized officer for the purpose of that sealing.

(4)  *[Section 4 Subsection (4) amended by No. 76 of 1995, s. 28 and Sched. 1 ]*All courts, judges, and persons acting judicially shall take judicial notice of the common seal of TDR affixed to a document and, unless the contrary is established, shall presume that it was duly affixed.