6.—(1) There stands established a body to be known as the Private Security Authority, or in the Irish language An tÚdarás Slán~ dála Príobháidí, to perform the functions conferred on it by this Act.

(2) The Authority shall, subject to this Act, be independent in the exercise of its functions.

(3) The Authority shall be a body corporate with perpetual succession and with power—

(a) to sue and be sued in its corporate name,

(b) with the consent of the Minister, to acquire, hold and dispose of land or an interest in or rights over or in respect of land, and

(c) to acquire, hold and dispose of any other property.

(4) Schedule 1 shall have effect in relation to the Authority.