Victorian Numbered Acts Victorian Numbered Acts(1) Subject to this Act, the Foundation has power to do all things necessary or convenient to be done for or in connection with, or incidental to, the performance of its functions.
(2) Without limiting or derogating from the generality of the powers of the Foundation under this Act, the powers of the Foundation include—
(a) creating and administering a trust fund;
(b) administering the Endowment and Reserve Fund created by the Foundation;
(c) obtaining a financial benefit or assistance to obtain a financial benefit by way of overdraft of account at any authorised deposit-taking institution (within the meaning of the Banking Act 1959 of the Commonwealth) or other financial institution in Australia;
(d) investing money of the Foundation;
(e) exercising any power in relation to investments that a natural person may exercise and, without limiting the generality of the foregoing—
(i) selling, bartering, exchanging or otherwise disposing of or getting in any of its investments; and
(ii) varying its investments or transposing any of its investments for other investments;
(f) defraying any expenses incurred by the Foundation for the purposes of this Act;
(g) charging fees for lectures, seminars, courses or other activities conducted by the Foundation;
(h) reimbursing to members reasonable travelling and other expenses incurred in attending meetings of the Foundation or otherwise in connection with carrying out its business.
(3) The Foundation may delegate by instrument its powers under subsection (2)(b), (2)(d) and (2)(e) to—
(a) the Executive Director employed under section 12;
(b) an employee employed under section 12;
(c) a consultant engaged under section 12.