Document ID: chunk:federal_register_of_legislation:C2007A00074:clause:1_49
Version: federal_register_of_legislation:C2007A00074
Segment Type: clause
Provision Reference: sch 1 cl 49
Character Range: 22055–22592

49  At the end of section 11
Add:

 (3) APRA may enter into contracts in its own right.

Note: The Chair of APRA may also enter into contracts on behalf of the Commonwealth. See section 44 of the Financial Management and Accountability Act 1997.

 (4) Any real or personal property held by APRA is held for and on behalf of the Commonwealth.

 (5) Any money received by APRA is received for and on behalf of the Commonwealth.

 (6) To avoid doubt, a right to sue is taken not to be personal property for the purposes of subsection (4).