Document ID: chunk:federal_register_of_legislation:C2004A03591:body:0:p9
Version: federal_register_of_legislation:C2004A03591
Segment Type: other
Provision Reference: 
Character Range: 20833–23687

or association;
        (ii) any issue of bonds of any description; and
        (iii) any joint lending operations;
    and to borrow or lend money for the purposes of any such issue or operation;
    (n) to operate unit trusts;
    (p) with the approval of the Treasurer, to join in the formation of subsidiary companies;
    (q) to enter into a partnership, or an arrangement for sharing of profits;
    (r) to subscribe for, buy, or otherwise acquire, and to hold, sell or otherwise deal in shares, stocks, debenture stocks and other similar instruments;
    (s) to act as principal, agent or broker in stock and share broking and commodity and commodity futures dealings;
    (t) to be a member (whether alone or in partnership or joint venture, or as a shareholder in a body corporate) of stock and securities exchanges and commodity exchanges;
    (u) to keep for a body corporate, association or authority any register relating to funds, shares, stocks or other securities of the body corporate, association or authority and to undertake any duties in relation to such funds, shares, stocks or securities, including the registration of transfers and the issue of certificates;
    (w) to act as trustee of, and to administer:
        (i) any superannuation, pension, provident or retirement fund scheme;
        (ii) any property trust; or
        (iii) any other trust;
     and to act as executor or administrator of the estate of a deceased person;
    (y) to furnish managerial, financial, technical and administrative advice and services to any person and to assist a person to obtain such advice and services;
    (z) to process (whether as principal or agent) debit and credit card arrangements;
    (za) to provide facilities (whether as principal or agent) for the merchandising of goods and services;
    (zb) to provide computer hardware and software facilities;
    (zc) to act as agent in the provision of financial services, including the settlement of financial transactions; and
    (zd) to do anything incidental to any of its powers.".

Management of Savings Bank
21. Section 47 of the Principal Act is amended by adding at the end the following subsection:
"(3) In managing the Savings Bank, the Managing Director, and the person managing the Savings Bank under subsection (1), may, in accordance
with the policy of the Savings Bank and the directions of the Board, perform any function, or exercise any power, of the Savings Bank on its behalf.".

Savings Bank to pay share of expenses of Corporation
22. Section 48 of the Principal Act is amended by omitting "the Corporation an amount determined by the Board to be the proportion" and substituting "the Commonwealth Bank the amount".

Powers of Development Bank
23. Section 74 of the Principal Act is amended by omitting paragraphs (2) (d) to (i), inclusive, and substituting