(1) The port authorities named in Schedule 1 are established for the ports named in that Schedule.

(2) A port authority is a body corporate with perpetual succession.

(3) Proceedings may be taken by or against a port authority in its corporate name.

(4) A port authority may use, and operate under, one or more trading names approved by the Minister.

(5) A trading name can be ¾

(a) an abbreviation or adaptation of the port authority's corporate name; or

(b) a name other than the port authority's corporate name.