Australian Capital Territory Consolidated ActsThe institute has the following powers:
(a) erecting buildings and structures and carrying out works;
(b) occupying, using and controlling any land or building owned or leased (whether from the Territory or anyone else) and made available to the institute;
(c) making available, by lease or otherwise, any land or building to anyone else;
(d) accepting gifts, grants, devises and bequests, whether on trust or otherwise, and acting as trustee of property vested in it on trust;
(e) providing scholarships and other similar benefits;
(f) charging for work done and services provided;
(g) providing consultative services;
(h) investing in shares in, or debentures or other securities of, a company;
(i) providing services, facilities or resources to—
(i) any company in which it holds shares; or
(ii) a member of any partnership it has entered into; or
(iii) a member of any joint venture it participates in;
(j) acting as an agent for other people;
(k) getting commercial sponsorship;
(l) establishing and conducting residential facilities for its staff or students either by itself or in association with other entities;
(m) establishing and maintaining library, museum, art and other collections either by itself or in association with other entities.
Note A provision of a law that gives an entity (including a
person) a function also gives the entity powers necessary and convenient to
exercise the function (see Legislation Act, s 196 and dict, pt 1, def entity
).