Document ID: chunk:federal_register_of_legislation:C2004A03719:body:0:p3
Version: federal_register_of_legislation:C2004A03719
Segment Type: other
Provision Reference: 
Character Range: 5936–8734

and arrangements for the sharing of profits;
         (m) to enter into contracts (including futures contracts);
         (n) to deal with futures contracts;
         (o) to appoint agents and attorneys, and act as agent for other persons;

         (p) to accept gifts, grants, bequests and devises made to it, and act as trustee of money and other property vested in it by trust;
         (q) to do such other things as it is authorised to do by or under this Act or any other Act; and
         (r) to do anything incidental to any of its powers.".

Electronic mail
7. Section 10a of the Principal Act is amended by inserting in subsections (1) and (2) "(including telegram services)" after "electronic mail services".
8. Section 10b of the Principal Act is repealed and the following sections are substituted:

Management of Commission's land and buildings
"10b. (1) It is the duty of the Commission to manage its land and buildings, and to meet its requirements for land and buildings, in accordance with sound commercial practice.
"(2) The Commission has, in addition to its other powers, power to do all things necessary or convenient to be done for, or in connection with, the performance of that duty and, in particular, may:
     (a) purchase and otherwise acquire land and buildings that it may require;
     (b) sell and otherwise dispose of land and buildings that it does not require;
     (c) develop land and buildings to enable their more efficient utilisation;
     (d) develop and lease land and buildings not immediately required by it; and
     (e) develop land and buildings for the purpose of sale.

Commission to notify Minister of significant business activities
"10c. (1) If the Commission, or a subsidiary of the Commission, proposes:
     (a) to form, or participate in the formation of, a company;
     (b) to enter into a partnership;
     (c) to enter into a joint venture or an arrangement for the sharing of profits;
     (d) to acquire a major shareholding in a company;
     (e) to acquire a substantial business; or
     (f) to undertake a significant new business activity;
the Commission shall immediately give written notice of particulars of the proposed activity to the Minister.
"(2) The Minister may, by written notice given to the Commission, make guidelines to be applied by the Commission in determining whether an activity is an activity falling within paragraph (1) (d), (e) or (f).

"(3) For the purposes of this section, the question whether a body corporate is a subsidiary of another body corporate shall be determined in the same manner as the question whether a corporation is a subsidiary of another corporation is determined under the Companies Act 1981.
"(4) This section does not limit the operation of subsection 103 (2).".
9. After section