Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The functions of
Gold Corporation are —
(a) to
promote and develop markets for gold in Australia and elsewhere;
[(b) deleted]
(c) to
develop, promote, provide, trade and deal in investments and services relating
to gold;
(d) to
mint, make, issue, buy, sell, distribute and otherwise deal in coins (whether
or not coins subject to the Currency Act 1965 of the Commonwealth),
medallions and other artifacts containing gold;
(e) to
recover, extract, process, smelt, sample, refine, assay and work gold and
anything containing gold;
(f) to
participate and engage in industry concerned with gold in Australia and
elsewhere;
(g) to
provide storage and safekeeping facilities to international standards for gold
and other valuable objects;
(h) to
continue and develop the activities of the Royal Mint, The Perth Mint and
Western Australian Mint carried on under the repealed Act and to maintain the
Mint’s reputation and international accreditation as a melter and
assayer acceptable to the London Gold Market;
(i)
to maximise the value added to and export income derived
from gold production through the development and marketing of things
containing or relating to gold;
(j) to
promote and create opportunities for the establishment and operation of a
market for Australian gold coins and other things containing or associated
with gold;
(k) to
establish and promote Perth as an international bullion centre; and
(m) in
relation to precious metals other than gold, and in relation to precious
stones or other minerals, to establish and maintain the qualifications, skills
and accreditations necessary to be acceptable to the central market
organization or authority appropriate.
(2) Gold Corporation
may carry on its business in Australia and elsewhere.
(3) Subject to this
Act, any function conferred by this Act on Gold Corporation may be performed
by Gold Corporation itself and, with the approval of the Board,
by —
(a) a
subsidiary of Gold Corporation; or
(b) Gold
Corporation or a subsidiary of Gold Corporation, or both, in partnership,
joint venture or other association with other persons or bodies.
[Section 10 amended by No. 10 of 1990
s. 6 and 12.]