(1) A National Transport Commission is established.
(2) The Commission:
(a) is a body corporate with perpetual succession; and
(b) is to have a common seal; and
(c) may acquire, hold and dispose of real and personal property; and
(d) may sue and be sued.
Note: The Public Governance, Performance and Accountability Act 2013 applies to the Commission. That Act deals with matters relating to corporate Commonwealth entities, including reporting and the use and management of public resources.
(3) The common seal of the Commission is to be kept in such custody as the Commission directs, and is not to be used except as authorised by the Commission.
(4) All courts, judges and persons acting judicially must:
(a) take judicial notice of the imprint of the common seal of the Commission appearing on a document; and
(b) presume the imprint was duly made.