Document ID: chunk:federal_register_of_legislation:C2011A00139:clause:1_135
Version: federal_register_of_legislation:C2011A00139
Segment Type: clause
Provision Reference: sch 1 cl 135
Character Range: 17154–18249

135  Powers of the Pricing Authority
 (1) The Pricing Authority has power to do all things necessary or convenient to be done for or in connection with the performance of its functions.
 (2) The powers of the Pricing Authority include, but are not limited to, the power to enter into contracts.
Note: The Pricing Authority CEO may also enter into contracts on behalf of the Commonwealth. See section 44 of the Financial Management and Accountability Act 1997.
 (3) Any contract entered into by the Pricing Authority is to be entered into on behalf of the Commonwealth.
 (4) Any real or personal property held by the Pricing Authority is held for and on behalf of the Commonwealth.
 (5) Any money received by the Pricing Authority is received for and on behalf of the Commonwealth.
 (6) The Pricing Authority cannot hold real or personal property, or money, on trust for a person other than the Commonwealth.
Note: The Commonwealth may hold real or personal property or money on trust.
 (7) To avoid doubt, a right to sue is taken not to be personal property for the purposes of subsection (4).