Queensland Numbered Acts Queensland Numbered Acts(1) The corporation has all the powers of an individual, and may, for example—
(a) enter into contracts; and
(b) acquire, hold, deal with and dispose of property; and
(c) appoint agents and attorneys; and
(d) engage consultants; and
(e) charge a fee for its services; and
(f) do anything else necessary or convenient to be done in the performance of its functions.
(2) Without limiting subsection (1), the corporation has the powers given to it under this Act or another Act.
(3) However, the powers of the corporation do not include the following—
(a) making a loan to a member, member's spouse, relative of a member or relative of a member's spouse;
(b) giving a guarantee, or providing security, in connection with a loan made, or to be made, by another person to a member, member's spouse, relative of a member or relative of a member's spouse;
(c) exempting, or indemnifying, a member from or against any liability for a breach of duty relating to the corporation.
(4) Subsection (3)(c) is subject to section 29.