(1)The Corporation may enter into and carry into effect agreements with any person with respect to the discharge of all or any of the functions conferred or imposed on the Corporation by or under this Act.
(2)The exercise of the powers of any enactment by any person in pursuance of any agreement under subsection (1) above shall be subject to the same restrictions, liabilities and obligations as would apply under this Act if those powers were exercised by the Corporation.