Document ID: chunk:federal_register_of_legislation:C2007A00084:clause:3_3
Version: federal_register_of_legislation:C2007A00084
Segment Type: clause
Provision Reference: sch 3 cl 3
Character Range: 10381–11243

3  Subsections 8(2), (3) and (4)
Repeal the subsections, substitute:

 (2) The Organisation:
 (a) is a body corporate with perpetual succession; 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 Commonwealth Authorities and Companies Act 1997 applies to the Organisation. That Act deals with matters relating to Commonwealth authorities, including reporting and accountability, banking and investment and conduct of officers.

 (3) All courts, judges and persons acting judicially must:
 (a) take judicial notice of the imprint of the Organisation's seal appearing on a document; and
 (b) presume that the document was duly sealed.

 (4) The seal of the Organisation must be kept in such custody as the Board directs and must not be used except as authorised by the Board.