Document ID: chunk:federal_register_of_legislation:C2024C00794:section:65b
Version: federal_register_of_legislation:C2024C00794
Segment Type: section
Provision Reference: s 65B
Character Range: 320622–321703

65B  Establishment
 (1) The Northern Territory Aboriginal Investment Corporation (the NTAI Corporation) is established by this subsection.
 (2) The NTAI Corporation may also be known by one or more names or acronyms specified in the NTAI Corporation rules.
Note: See also subsections 65E(2) and 65G(2).
 (3) The NTAI Corporation:
 (a) is a body corporate; and
 (b) must have a seal; and
 (c) may acquire, hold and dispose of real and personal property; and
 (d) may sue and be sued.
Note: The Public Governance, Performance and Accountability Act 2013 applies to the NTAI Corporation. That Act deals with matters relating to corporate Commonwealth entities, including reporting and the use and management of public resources.
 (4) The NTAI Corporation's seal is to be kept in such custody as the Board directs and must not be used except as authorised by the Board.
 (5) All courts, judges and persons acting judicially must:
 (a) take judicial notice of the imprint of the seal of the NTAI Corporation appearing on a document; and
 (b) presume that the document was duly sealed.