Australian Capital Territory Current Acts

UNIVERSITY OF CANBERRA ACT 1989 - SECT 7

    (1)     Subject to division 3.2, the university has power to do all things that are necessary or convenient to be done for, or in connection with, the exercise of its functions.

Example

power to enter into contracts with third parties for the purpose of commercially exploiting or developing the university's property

Note     An example is part of the Act, is not exhaustive and may extend, but does not limit, the meaning of the provision in which it appears (see Legislation Act

, s 126 and s 132).

    (2)     The powers of the university under subsection (1) include, but are not limited to, the following powers:

        (a)     to buy, take on lease, or otherwise acquire, property, and to sell, grant leases of, or otherwise dispose of, property;

        (b)     to develop commercially any discovery, invention or property;

        (c)     to make charges for work done, services rendered and goods and information supplied by it;

        (d)     to join in the formation of companies;

        (e)     to subscribe for and buy shares in, and debentures and other securities of, companies;

        (f)     to enter into partnerships;

        (g)     to participate in joint ventures and arrangements for the sharing of profits;

        (h)     to enter into contracts;

              (i)     to erect buildings;

        (j)     to occupy, use and control any land or buildings owned or leased by the Commonwealth or the Territory and made available for the purposes of the university;

        (k)     to employ staff;

        (l)     to invest money of the university, and to dispose of investments;

        (m)     to make loans and grants to students;

        (n)     to accept gifts, grants, bequests and devises made to it;

        (o)     to act as trustee of money and other property vested in it on trust;

        (p)     to exercise any other power given to it under this Act or another territory law; and

        (q)     to do anything incidental to its functions.

    (3)     Despite anything contained in this Act, any money or other property held by the university on trust must be dealt with in accordance with the powers and duties of the university as trustee.

    (4)     The functions of the university may be exercised outside the ACT and Australia.