Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The Senate, in the
name of and on behalf of the University —
(a)
shall, subject to the provisions of this Act have the control and management
of all real and personal property at any time vested in or acquired by the
University; and may set out roads, streets, and open spaces and erect and
maintain buildings upon and otherwise improve any such land or other property
as it thinks fit, and may apply any trust funds of the University to any such
purposes;
(b) may
borrow money for the purpose of carrying out and performing any of its
functions, the renewal of loans or the discharge or partial discharge of any
indebtedness to the Treasurer or to any bank within such limits, to such
extent and upon such conditions as to security or otherwise as the Governor
upon the recommendation of the Treasurer may approve;
(c) may
with the approval of the Governor give security for any loan;
(d) may
acquire by gift, bequest or devise any property for the purposes of the
University and may agree to carry out the conditions of any such gift, bequest
or devise;
(e) may
dispose of any real or personal property acquired by gift, devise, or bequest
as it may think fit, subject only to the express trusts of any deed, will, or
instrument under which the property was acquired;
(f) may
grant leases of any lands vested in the University for any term not exceeding
21 years, and, with the approval of the Governor, but not otherwise, may
grant leases for any term not exceeding 99 years;
(g)
subject to the provisions of section 31 relating to trust moneys, may
invest any moneys belonging to or vested in the University in such securities
as the Senate thinks fit and may sell and realize any security or reinvest the
proceeds of any sale;
(h) may
enter into or approve a scheme for the provision of housing assistance to
members of the academic or other staff of the University and guarantee loans
made to such persons thereunder.
(2) No tax or rate may
be charged or levied upon any property vested in the University and used or
reserved by the University for the purpose of providing facilities necessary
or conducive to the attainment of the objects of the University and the
performance of its functions.
(3) All real and
personal property that was by virtue of the provisions of the
Murdoch University Planning Board Act 1970 , held for the University
shall be deemed, by force of this Act, and without any conveyance, transfer or
assignment, to have vested in and become the property of the University on the
date of coming into operation of this Act.
[Section 29 amended by No. 103 of 1975
s. 4.]