Document ID: chunk:federal_register_of_legislation:C2025C00105:section:191e:p1
Version: federal_register_of_legislation:C2025C00105
Segment Type: section
Provision Reference: s 191E (pt 1/3)
Character Range: 156936–159732

191E  Management functions of Indigenous Land and Sea Corporation

Functions
 (1) The management functions of the Indigenous Land and Sea Corporation are as follows:
 (a) to carry on, or arrange for the carrying on of, management activities in relation to indigenous‑held land under agreements with the holders of the land;
 (b) to carry on, or arrange for the carrying on of, management activities in relation to land held by the Indigenous Land and Sea Corporation;
 (c) to carry on other management activities in relation to indigenous‑held land;
 (ca) to carry on, or arrange for the carrying on of, management activities in relation to indigenous waters;
 (cb) to carry on, or arrange for the carrying on of, management activities in relation to water, or waters, in relation to which the Indigenous Land and Sea Corporation holds water‑related rights;
 (d) to make grants of money for the carrying on of management activities in relation to indigenous‑held land and indigenous waters;
 (e) to make loans of money (whether secured or unsecured) for the purpose of carrying on management activities in relation to indigenous‑held land and indigenous waters;
 (f) to guarantee loans made for the purpose of carrying on management activities in relation to indigenous‑held land and indigenous waters.
Note 1: Management activities is defined by subsection (5).
Note 2: Indigenous‑held land is defined by section 4B.
Note 3: Holder is defined by section 4.
Note 4: Indigenous waters is defined by section 4.

Management activities relating to particular indigenous‑held land
 (1A) Paragraph (1)(c) does not authorise the Indigenous Land and Sea Corporation to carry on a management activity in relation to particular indigenous‑held land otherwise than under an agreement with the holder of the land.

Management activities relating to indigenous waters
 (1B) Paragraph (1)(ca) does not authorise the Indigenous Land and Sea Corporation to carry on a management activity in relation to indigenous waters in a manner inconsistent with the rights and interests of other persons.

Grants—terms and conditions
 (2) The Indigenous Land and Sea Corporation may make a grant of money on terms and conditions that must relate to:
 (a) the purposes for which the money may be spent; or
 (b) the period within which the money is to be spent; or
 (c) the acquittal of money spent; or
 (d) the giving of information in relation to the grant.
If the grant becomes repayable because of a breach of such a term or condition, the Indigenous Land and Sea Corporation must take all reasonable steps to recover the repayment.

Loans—terms and conditions
 (2A) The Indigenous Land and Sea Corporation may make a loan of money on terms and conditions that must relate to:
 (a) the purposes for which the money may be