Victorian Consolidated Legislation

Melbourne Cricket Club Act 1974 - SECT 5

Powers of body corporate

5. Powers of body corporate

In addition to the powers otherwise conferred upon it by this Act the body
corporate is hereby empowered and authorized-

   (a)  to sponsor encourage and promote the playing of cricket football bowls
        hockey baseball tennis lacrosse squash rackets rifle shooting and
        other athletic sports games and competitions and other forms of
        amusement recreation and entertainment and to promote hold or conduct
        or assist in holding or conducting any or all of the same and to
        utilize the property of the club and the Melbourne Cricket Ground for
        all or any of the said purposes;

   (b)  to use and maintain for all or any of the purposes aforesaid any lands
        and any other property of whatsoever description which may from time
        to time be vested in or under the control or in the possession of the
        club;

   (c)  from time to time to build or erect upon any of the lands aforesaid
        all such buildings as may in the opinion of the committee be necessary
        or expedient for or in connexion with all or any of the purposes
        aforesaid and to maintain repair and demolish any such buildings as
        occasion may require;

   (d)  to carry on business as refreshment contractors restaurant keepers and
        refreshment room proprietors and (subject to the provisions of the
        Liquor Control Reform Act 1998) to sell and dispose of or make
        provisions for the sale and disposal of spirituous and fermented
        liquors on or in any land or building for the time being vested in or
        in the possession or under the control of the club;

   (e)  to borrow or lend money with or without security and upon such terms
        as the committee may think fit and to invest or deal with the moneys
        of the club in such manner as the committee may from time to time
        determine;

   (f)  to employ a secretary and all such other officials or employees as may
        in the opinion of the committee be required for any of the purposes
        aforesaid;

   (g)  from time to time to prescribe vary and take tolls and charges for
        admission to any land or building for the time being vested in or
        under the control or in the possession of the club: Provided however
        that members of the club shall be exempt either wholly or to such
        extent as is specified in the rules from payment of all or any such
        tolls and charges;

   (h)  to establish and support or aid in the establishment or support of
        associations institutions funds trusts and conveniences calculated to
        benefit employees or former employees of the club or the dependants or
        connexions of such persons and to grant pensions and allowances and to
        make payments towards insurances and to subscribe or guarantee money
        for charitable or benevolent objects or for any exhibition or for any
        public general or useful object;

        (i)    to enter into any arrangement or make any contract or agreement
               with any Government or any authority (whether statutory or
               otherwise) for the purpose of exercising or carrying into
               execution any of the powers or authorities by this Act
               conferred on the club and to obtain from such Government or
               authority any rights privileges or concessions which the club
               might think it desirable to obtain and to carry out exercise
               and comply with any such arrangement contract right privilege
               or concession;

   (j)  to form or join in the formation of or acquire an interest or become a
        member of any company which is formed for the purpose of or is
        intended to acquire or take over all or any of the activities property
        rights and liabilities of the club or for any other purpose which may
        seem directly or indirectly calculated to benefit the club. In this
        paragraph the word company shall be deemed to include any body of
        persons whether incorporated or not incorporated and whether domiciled
        in Victoria or elsewhere and whether now existing or hereafter to be
        formed;

   (ja) with the approval of the Treasurer-

   (i)  to form, or participate in the formation of, a body corporate, trust
        or partnership;

   (ii) the subscribe for or otherwise acquire, hold and dispose of or
        otherwise deal with any securities of a body corporate;

   (iii) to subscribe for or otherwise acquire, hold and dispose of units in a
        unit trust;

   (iv) to become a member of a body corporate, trust, partnership or joint
        venture;

   (v)  to enter into any arrangement for the sharing of profits;

   (vi) to enter into and perform arrangements for the purpose of managing,
        lessening, hedging or protecting against movements in interest or
        discount rates or other costs of obtaining financial arrangements;

   (k)  to do all such acts and things as may be incidental or conducive to
        the exercise of any power or authority conferred on the club by this
        Act.