Document ID: chunk:federal_register_of_legislation:C2024C00794:section:65bd
Version: federal_register_of_legislation:C2024C00794
Segment Type: section
Provision Reference: s 65BD
Character Range: 323567–324805

65BD  Powers
 (1) The NTAI Corporation has power to do all things necessary or convenient to be done for or in connection with the performance of its functions.
 (2) The NTAI Corporation's powers include, but are not limited to, the following powers:
 (a) to accept gifts, grants, bequests and devises made to it;
 (b) to act as trustee of money and other property vested in it on trust;
 (c) to borrow money, subject to section 65BJ;
 (d) to make loans of money (whether secured or unsecured);
 (e) to give guarantees, subject to section 65BK;
 (f) to enter into arrangements;
 (g) to develop sponsorship, marketing and other commercial activities relating to the NTAI Corporation's functions;
 (h) to form, and participate in the formation of, companies and other bodies corporate;
 (i) to enter into partnerships;
 (j) to enter into joint ventures and arrangements for the sharing of profits;
 (k) to charge fees for the provision of services by it.
 (3) For the purposes of paragraph (2)(f), an arrangement includes a contract, agreement, deed or understanding.
 (4) The powers of the NTAI Corporation may be exercised within or outside Australia.
 (5) A fee charged under paragraph (2)(k) must not be such as to amount to taxation.