4.1 | The corporation has such functions as may be prescribed by the Native Title (Prescribed Bodies Corporate) Regulations from time to time which are: |
(a) | to act as agent or representative of the common law holders in respect of matters relating to their rights and interests; |
(b) | to manage the rights and interests of the common law holders as authorised by the common law holders; |
(c) | to hold money (including payments received as compensation or otherwise related to the native title rights and interests) in trust; |
(d) | to invest or otherwise apply money held in trust as directed by the common law holders; |
(e) | to consult with the common law holders in accordance with regulation 8 of the Native Title (Prescribed Bodies Corporate) Regulations and rule 6; |
(f) | to perform any other function relating to those rights and interests as directed by the common law holders. |
4.2 | Without limiting these functions, the corporation may, on behalf of the common law holders: |
(a) | consult other persons or bodies; |
(b) | enter into agreements; |
(c) | exercise procedural rights; |
(d) | accept notices required by any law of the Commonwealth, a state or a territory to be given to the common law holders. |
Source: The Rule Book of the Far West Coast Aboriginal Corporation