Commonwealth Consolidated Acts

ABORIGINAL AND TORRES STRAIT ISLANDER ACT 2005 - SECT 191A

Establishment

             (1)  An Indigenous Land Corporation is established.

Body corporate

             (2)  The Indigenous Land Corporation:

                     (a)  is a body corporate, with perpetual succession; and

                     (b)  is to have a seal; and

                     (c)  may acquire, hold and dispose of real and personal property; and

                     (d)  may sue and be sued in its corporate name.

Note:          The Commonwealth Authorities and Companies Act 1997 applies to the Indigenous Land Corporation. That Act deals with matters relating to Commonwealth authorities, including reporting and accountability, banking and investment, and conduct of officers.

Seal

             (3)  The seal of the Indigenous Land Corporation is to be kept in such custody as the Indigenous Land Corporation directs and must not be used except as authorised by the Indigenous Land Corporation.

Imprint of seal

             (4)  All courts, judges and persons acting judicially must:

                     (a)  take judicial notice of the imprint of the seal of the Indigenous Land Corporation appearing on a document; and

                     (b)  presume that the imprint was duly affixed.