Contents (2016 - 63)Skip to content
Biodiversity Conservation Act 2016 No 63
Current version for 15 November 2019 to date (accessed 19 November 2019 at 23:31)
Powers of Trust
The Trust has power to do all things that are necessary or convenient to be done for or in connection with the exercise of its functions or that are supplemental or incidental to, or consequential on, the exercise of its functions.Without limiting subsection (1), the Trust has power to do the following—to buy, sell, hold, mortgage, lease or otherwise deal with land,to acquire, transfer or retire biodiversity credits,to enter into private land conservation agreements as land owner,by mutual agreement with the Crown, to surrender land vested in the Trust (whether on trust or otherwise) to the Crown to be used for a purpose specified by the Trust,to borrow money, either with or without security,to act as trustee of money or other property vested in the Trust,to invest money in any fund managed or maintained by the Trust—Government Sector Finance Act 2018—in any way that the Trust is permitted to invest money under that Part, orif the Trust is a GSF agency for the purposes of Part 6 of theGovernment Sector Finance Act 2018—in the same way as trustees may invest trust funds or in any other way approved by the Treasurer,if the Trust is not a GSF agency for the purposes of Part 6 of theto make and enter into contracts or other arrangements for the carrying out of works, the performance of services or the supply of goods or materials,to appoint agents.