(1) There shall be constituted under this Act a Sydney Opera HouseTrust which
shall carry into effect the objects and purposes of this Act and shall have
and may exercise the powers, authorities, duties and functions conferred or
imposed on the Trust by or under this Act.
In the exercise and discharge of its powers, authorities, duties and functions
the Trust shall, notwithstanding anything contained in this Act, be subject to
the control and direction of the Minister.
(2) The Trust shall be a body corporate under the name of "The Sydney Opera
House Trust" with perpetual succession and a common seal, and shall, for the
purposes and subject to the provisions of this Act, be capable by that name of
suing and being sued, and of purchasing, holding, granting, demising,
disposing of or otherwise dealing with real and personal property and of doing
and suffering all such other acts and things as bodies corporate may by law do
and suffer.
(3) The Trust may acquire and hold by purchase, lease or
otherwise any real or personal property and any rights or privileges which the
Trust may think necessary or convenient for its objects.