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(1)Subject to subsections (2) and (3), the Council has power to do all things necessary or convenient to be done for, or in connection with, performing its functions.
(2)The Council does not have power to acquire, hold or dispose of real property.
(3)The Council must not, without the prior written approval of the Attorney-General—
(a)acquire any personal property, right or privilege for a consideration of more than $50 000 or any higher amount prescribed for the purposes of this paragraph; or
(b)dispose of any personal property, right or privilege that has a value, or for a consideration, of more than $50 000 or any higher amount prescribed for the purposes of this paragraph.