(1) Subject to this Act and to the Regulations, the Authority shall regulate its own procedure.
(2) The Authority has the power to do all things necessary or incidental to the objects of the Authority including, without limitation, the power to—
(a) acquire, hold and dispose of immovable and movable property;
(b) sue in the corporate name of the Authority;
(c) enter into contracts; and
(d) do all such other things as may be necessary or incidental to the performance of its powers, duties and functions.