(1)  The Launceston City Council has the management and control of the Queen Victoria Museum and Art Gallery and its contents and may sell and exchange the contents and generally act in such manner as appears best calculated to advance the objects of the institution.

(2)  The Launceston City Council, once in every year, is to report the proceedings and progress of the institution to the Minister responsible for the administration of the Tasmanian Museum and Art Gallery Act 2017 , and a copy of every report is to be laid before Parliament within 14 sitting days after it is received.