Western Australian Consolidated Acts Western Australian Consolidated Acts (1) In
subsection (3)(g) —
business arrangement means a company, a
partnership, a trust, a joint venture, or an arrangement for sharing profits;
participate includes form, promote, establish,
enter, manage, dissolve, wind up, and do anything incidental to participating
in a business arrangement.
(2) A corporation has
all the powers it needs to perform its functions under this Act or any other
written law.
(3) A corporation may
for the purpose of performing any function —
(a)
acquire, hold, manage, improve, develop and dispose of any real or personal
property;
(b)
enter into any contract or arrangement;
(c)
apply for the grant or transfer of any mining tenement, petroleum licence or
other licence or authority to the corporation;
(d)
acquire, establish and operate —
(i)
any undertaking (including any necessary tenements and
licences) for the production, recovery, conversion, processing or transport of
any fuel or source of energy; and
(ii)
any associated undertaking;
(e)
produce and deal in —
(i)
any by-product resulting from; or
(ii)
any equipment, facilities or system associated with,
the performance of any
function of the corporation;
(f)
appoint agents or engage persons under contracts for services to provide
professional, technical or other assistance to the corporation;
(g)
subject to sections 64 and 68, participate in any business
arrangement and acquire, hold and dispose of shares, units or other interests
in, or relating to, a business arrangement;
(h)
carry out any investigation, survey, exploration or boring;
(i)
collaborate in, carry out, or procure the carrying out
of, research and publish information that results from the research;
(j) for
the purposes of section 36(b), 42(b), 45(b) or 51(b), as
the case may be, apply for, hold, exploit and dispose of any patent, patent
rights, copyright or similar rights; and
(k)
promote and market the corporation and its activities.
(4) A corporation
may —
(a) make
gifts for charitable purposes or for other purposes of benefit to the
community or a section of the community;
(b)
undertake community service obligations within the meaning in
section 99(1);
(c) make
any ex gratia payment that the board considers to be in the
corporation’s interest; and
(d)
accept any gift, devise or bequest if it is absolute, or subject to conditions
that are within the functions of the corporation.
(5)
Subsection (3) or (4) does not limit subsection (2) or the
other powers of a corporation under this Act or any other written law.
(6) If the generality
of a power conferred on a corporation by this Act is restricted by a provision
of the Energy Operators (Powers) Act 1979 that restriction applies,
despite this Act.