Clause 3 - Powers
- The association has, in the exercise of its affairs, all the powers of an individual.
- The association may, for example -
- Enter into contracts; and
- Acquire, hold, deal with and dispose of property; and
- Make charges for services and facilities it supplies; and
- Do other things necessary or convenient to be done in carrying out its affairs.
- The association may take over the funds and other assets and liabilities of the present unincorporated association known as 'SeniorNet'.
- The association may also issue secured and unsecured notes, debentures and debenture stock for the association.