| 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