ABORIGINAL AND TORRES STRAIT ISLANDER ACT 2005 - SECT 145 Indigenous Business Australia

ABORIGINAL AND TORRES STRAIT ISLANDER ACT 2005 - SECT 145

  (1)   The body that was established under this subsection as previously in force by the name Aboriginal and Torres Strait Islander Commercial Development Corporation is now to be known as Indigenous Business Australia.

Note:   Subsection   25B(1) of the Acts Interpretation Act 1901 provides that a body whose name is altered by an Act continues in existence under the new name so that its identity is not affected.

  (2)   Indigenous Business Australia :

  (a)   is a body corporate;

  (b)   shall have a seal;

  (c)   may acquire, hold and dispose of real and personal property; and

  (d)   may sue and be sued.

Note:   The Public Governance, Performance and Accountability Act 2013 applies to Indigenous Business Australia. That Act deals with matters relating to corporate Commonwealth entities, including reporting and the use and management of public resources.

  (3)   The seal of Indigenous Business Australia is to be kept in such custody as the Indigenous Business Australia Board directs and must not be used except as authorised by the Board.

  (4)   All courts, judges and persons acting judicially shall take judicial notice of the imprint of the seal of Indigenous Business Australia appearing on a document and shall presume that it was duly affixed.