(1) The Australian Energy Regulator (the AER ) is established by this section.
(2) The AER:
(a) is a body corporate with perpetual succession; and
(b) must have a common seal; and
(c) may acquire, hold and dispose of real and personal property; and
(d) may sue and be sued in its corporate name.
(3) However, the AER is taken, for the purposes of the finance law (within the meaning of the Public Governance, Performance and Accountability Act 2013 ):
(a) not to be a corporate Commonwealth entity; and
(b) to be a part of the Commonwealth, and a part of the Commission; and
(c) not to be a body corporate.