Victorian Consolidated Legislation

Australian Grands Prix Act 1994 - SECT 21

Powers

21. Powers



(1) For the purpose of performing its functions, the Corporation, in addition
to all other powers conferred on it by this Act or any other Act -

   (a)  may, subject to this Act, carry out works at Albert Park, in a
        designated access area or, in accordance with arrangements entered
        into between the Corporation and the owners of the Phillip Island
        Grand Prix circuit, at the circuit;

   (aa) may, subject to this Act, establish sporting facilities and sporting
        services;



   (ab) may, subject to this Act, establish supporting facilities, services
        and activities in connection with the holding of a Formula One event
        or an Australian Motorcycle Grand Prix event;

   (ac) may promote Melbourne and Victoria as tourist destinations;



   (b)  may carry on advertising and promotional activities;

   (c)  may charge and collect fees for admission, during the race period in
        respect of a year, to the declared area in respect of that year or to
        a designated access area;

   (d)  during the race period in respect of a year, may control admission to
        the declared area in respect of that year or to a designated access
        area;

   (da) may charge and collect fees for admission to, and control admission
        to, the Phillip Island Grand Prix circuit for
        Australian Motorcycle Grand Prix events, in accordance with
        arrangements entered into between the Corporation and the owners of
        the circuit;

   (e)  may publish or produce books, programs, brochures, maps or any other
        printed material, films, videotapes, souvenirs, apparel or other
        things relating to a Formula One event, an
        Australian Motorcycle Grand Prix event or a motor sport event;

   (f)  may display, exhibit, sell or supply food and beverages, books,
        programs, brochures, maps or any other printed material, films,
        videotapes, souvenirs, apparel or any other goods or services;

   (g)  may employ or engage staff or consultants;

   (h)  may provide consultancy, advisory and project management services;

        (i)    may grant, for free or other consideration advertising rights,
               sponsorship rights, broadcasting rights or television rights or
               any other rights, licences or concessions in connection with-

   (i)  Formula One events promoted by the Corporation; or

   (ii) Australian Motorcycle Grand Prix events;

   (j)  may restrict, control and make charges for the use of grand prix
        insignia;

   (k)  may take out policies of insurance;

   (l)  may acquire and hold any licence under any Act;

   (la) may enter into leases;





   (lb) may acquire, or dispose of, real or personal property;



   (m)  with the approval of the Minister, may acquire or assume assets,
        rights and liabilities of Melbourne Grand Prix Promotions Pty Ltd
        A.C.N. 059 230 278;

   (n)  may appoint agents and attorneys, and act as agent;

   (o)  may do all other things necessary or convenient to be done for or, in
        connection with, or as incidental to, the performance of its
        functions.

(2) Without limiting the generality of powers conferred on it, the
Corporation-

   (a)  may, with the approval of the Minister, after consultation with the
        Treasurer, be a member of a body corporate, association, partnership,
        trust or other body;

   (b)  may, with the approval of the Minister, after consultation with the
        Treasurer, form, or participate in the formation of, a body corporate,
        association, partnership, trust or other body;

   (c)  may, with the approval of the Minister, after consultation with the
        Treasurer, enter into a joint venture with another person or other
        persons;

   (d)  may accept gifts, grants, bequests and devises.

(3) The Corporation must not provide a guarantee or indemnity without the
approval in writing of the Treasurer or of a person authorised in writing by
the Treasurer to give an approval under this subsection.