The act incorporated Bond University Ltd. as the company responsible for the operation of the university. The company received the authority to award degrees. It was given the responsibility of expanding the university, establishing schools and departments, and hiring faculty.
The legislation authorizes the university company to establish investment funds and directs the company how to manage them. It also allows for the pursuit and receipt of gifts that will benefit the university.
The company maintains sole authority over the handling of education at Bond University. This gives the university independence from government influence in that area.