Commonwealth Consolidated Acts(1) The President is responsible for managing the administrative affairs of the Tribunal.
(2) For that purpose, the President has power to do all things that are necessary or convenient to be done, including, on behalf of the Commonwealth:
(a) entering into contracts; and
(b) acquiring or disposing of personal property.
(3) The powers given to the President by subsection (2) are in addition to any powers given to the President by any other provision of this Act or by any other Act.
(4) Subsection (2) does not authorise the President to:
(a) acquire any interest or right that would constitute an interest in land for the purposes of the Lands Acquisition Act 1989 ; or
(b) enter into a contract under which the Commonwealth is to pay or receive an amount exceeding $250,000 or, if a higher amount is prescribed, that higher amount, except with the approval of the Minister.
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