Commonwealth Consolidated Acts

AUSTRALIAN INSTITUTE OF MARINE SCIENCE ACT 1972 - SECT 7

             (1)  Notwithstanding the repeal effected by section 4, the institute established by the Australian Institute of Marine Science Act 1970 under the name of the Australian Institute of Marine Science is continued in existence by this Act under that name.

             (2)  The Institute:

                     (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 Commonwealth Authorities and Companies Act 1997 applies to the Institute. That Act deals with matters relating to Commonwealth authorities, including reporting and accountability, banking and investment, and conduct of officers.

             (3)  The seal of the Institute shall be kept in such custody as the Council directs and shall not be used except as authorized by the Council.

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