5. (1) There shall stand established on the establishment day, a body to be known, in the Irish language as An Ceoláras Náisiúnta or, in the English language, the National Concert Hall (in this Act referred to as the “NCH”), situated, for the time being, at Earlsfort Terrace in the city of Dublin, to perform the functions conferred on it by or under this Act.

(2) The NCH shall be a body corporate with perpetual succession and an official seal and with power to sue and be sued in its corporate name, and shall, with the consent of the Minister given with the approval of the Minister for Public Expenditure and Reform, have power to acquire, hold and dispose of land or an interest in land, and acquire, hold and dispose of any other property.