(1) There stands established on the establishment day a body to be known, in the Irish language, as an tÚdarás um Shábháilteacht ar Bhóithre or, in the English language, as the Road Safety Authority, and in this Act referred to as the Authority.

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