General
1The Compensation Board shall not be regarded as the servant or agent of the Crown, or as enjoying any status, privilege or immunity of the Crown; and their property shall not be regarded as property of, or property held on behalf of, the Crown.
2The Compensation Board may do anything which is calculated to facilitate the discharge of their functions, or is incidental or conducive to their discharge, including in particular—
(a)giving guarantees or indemnities in favour of any person, or
(b)making any other agreement or arrangement with or for the benefit of any person.