(1) For the purpose of performing its functions, the Institute has power to do all things necessary or convenient to be done for or in connection with, or as incidental to, the performance of its functions.
S. 2.6.4(2) amended by No. 42/2016 s. 14(2).
(2) Without limiting subsection (1), the Institute may—
S. 2.6.4(2)(a) amended by No. 42/2016 s. 14(3).
(a) be a member of a company, association, trust or partnership;
(b) form or participate in the formation of a company, association, trust or partnership;
(c) enter into a joint venture with any other person or persons;
(d) apply for, obtain and hold, whether on its own behalf or jointly with any other person, any intellectual property rights;
(e) assign or grant licences in respect of those intellectual property rights, with or without charge;
(f) enter into agreements and arrangements for the commercial exploitation of intellectual property rights;
(g) charge fees for services provided by the Institute under this Act.
(3) This section does not limit any other power given to the Institute by any other provision of this Act.
S. 2.6.5 amended by No. 10/2021 s. 35, substituted by No. 10/2021 s. 6.