Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(2) Without limiting the generality of subsection (1), the Corporation has the same capacity as a natural person.
7. (1) The Corporation shall not, without the written approval of the Minister—
(a) form, or participate in the formation of, a company;
(b) subscribe for, or purchase, company shares or securities;
(c) enter into a partnership; or
(d) participate in a joint venture.
(2) The Minister's approval—
(a) shall be given particularly, not generally; and
(b) may be expressed to be subject to conditions specified in the approval.
(3) Where the Corporation enters into a partnership or participates in a joint venture, the Minister shall—
(a) cause to be prepared a statement setting out particulars of, and the reasons for, the partnership or joint venture; and
(b) cause a copy of the statement to be laid before the Legislative Assembly with the next report given to him or her under subsection 28 (1).
8. (1) The Corporation shall consist of 7 members, as follows:
(a) a Chairperson and 4 other persons appointed by the Minister under clause 2 of the Schedule;
(b) the Chief Executive Officer;
(c) a public servant appointed under section 11.
(2) The performance of the functions and the exercise of the powers of the Corporation are not affected by reason only of there being a vacancy or vacancies in the membership of the Corporation.
9. (1) The Minister shall, by instrument, appoint a member to be Chairperson of the Corporation.
(2) There shall be a Deputy Chairperson of the Corporation who shall be 1 of the members of the Corporation (other than the Chairperson) elected by members of the Corporation.