Document ID: chunk:federal_register_of_legislation:C2008A00139:clause:2_173
Version: federal_register_of_legislation:C2008A00139
Segment Type: clause
Provision Reference: sch 2 cl 173
Character Range: 453561–455097

173  Authority's powers

 (1) The Authority has power to do anything that is necessary or convenient to be done for or in connection with the performance of its functions.

Note 1: The Authority's functions are set out in section 172, and in Part 1A (The Murray‑Darling Basin Agreement) and Part 2A (Critical human water needs).

Note 2: The Authority also has the powers conferred on it by Parts 1A and 2A.

 (2) The Authority's powers include, but are not limited to, the following powers:
 (a) the power to acquire, hold and dispose of real and personal property;
 (b) the power to enter into contracts.

Note 1: Under paragraph 176(1)(c), the Authority may also sue and be sued in its corporate name.

Note 2: Acquisitions of interests in land will be done in accordance with the Lands Acquisition Act 1989 and the Financial Management and Accountability Act 1997.

Note 3: The Chief Executive of the Authority may also enter into contracts on behalf of the Commonwealth. See section 44 of the Financial Management and Accountability Act 1997.

 (3) Any real or personal property held by the Authority is held for and on behalf of the Commonwealth.

Note: This subsection does not have the effect of transferring property to the Authority.

 (4) Any money received by the Authority is received for and on behalf of the Commonwealth.

Note: This subsection does not have the effect of transferring money to the Authority.

 (5) To avoid doubt, a right to sue is taken not to be personal property for the purposes of subsection (3).