Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to Division 2 of Part 3, the University has power to do all things that are necessary or convenient to be done for, or in connection with, the performance of its functions.
(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 real and personal property, and to sell, grant leases of, or otherwise dispose of, such 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 form, and participate 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 building made available to the University by the Commonwealth 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 astronomical, seismological, meteorological and other scientific observations;
(n) to make loans and grants to students;
(o) to accept gifts, grants, bequests and devises made to it;
(p) to act as trustee of money and other property vested in it on trust;
(q) to do such other things as it is authorised to do by or under this Act or any other Act;
(r) to do anything incidental to any of its powers.
(3) In spite of anything contained in this Act or the Public Governance, Performance and Accountability Act 2013 , 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 powers of the University may be exercised within or outside Australia .