Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For the purpose of giving effect to the Agreement, the Secretary may, on behalf of the Commonwealth, enter into a contract (including a ticketing contract) with an Australian or foreign entity for:
(a) the reservation for the Commonwealth of oil stocks owned by the Australian or foreign entity; or
(b) the purchase of oil stocks by the Commonwealth from the Australian or foreign entity.
(2) Subsection (1) does not impliedly limit the executive power of the Commonwealth to enter into agreements.