The Corporation shall administer the Trusts and monitor the performance of the assets of the Trusts in such manner as provided under this Act and shall perform such other functions as are required under this Act.
Without limiting the generality of Subsection (1) but subject to the provisions of this Act, the Corporation
may undertake the function of holding and monitoring corporation for State owned assets and Majority State Owned Enterprises; and
may undertake the function of planning, coordinating and managing State assets, infrastructure and projects;and
may determine policies regarding
the conduct of its affairs and the affairs of any of the Trusts; and
the administration, management and control of the Corporation and any of the Trusts; and
may borrow, raise or otherwise obtain financial accommodation in Papua New Guinea; and
may advance money or otherwise make financial accommodation available to the State or State Owned Enterprises; and
may act as a central borrowing and capital raising authority for State Owned Enterprises; and
may act as agent for State Owned Enterprises in negotiating, entering into and performing financial arrangements; and
may provide a medium for the investment of funds of State Owned Enterprises; and
may manage or cause to be managed by the Corporation’s financial rights and obligations; and
has such other functions and duties as are prescribed by this Act or any other Act.