Victorian Numbered Acts Victorian Numbered Acts(1) Subject to this section, the Board has the power to do all things necessary or convenient to achieve its objectives and to perform its functions under this Act, including the power—
(a) to enter into any agreement, contract, lease, licence or easement; and
(b) to engage persons as employees, consultants, contractors or agents; and
(c) for any purpose consistent with the Board's objectives and functions, to accept appointment as the committee of management of any land reserved under the Crown Land (Reserves) Act 1978 .
(2) The Board must not enter into a contract or agreement for which the consideration exceeds $1 million without the written approval of the Minister.
(3) The Board has the powers conferred on it by the Borrowing and Investment Powers Act 1987 for the purpose of performing its functions and exercising its powers under this Act.
(4) The Board must not borrow any amount under a financial accommodation or financial arrangement without the written approval of the Minister.