(1) The university may—
(a) form, or participate in the formation of, a company; or
(b) enter into a joint venture with another person;
the objectives or purposes of which are consistent with and, while the university is a participant in the corporation or joint venture, remain consistent with the functions of the university.
(2) Without limiting subsection (1), those objectives or purposes may include any of the following:
(a) providing facilities for study, research or education;
(b) undertaking research, development, consultancy or other services for commercial organisations, public bodies or individuals;
(c) aiding or engaging in the development or promotion of university research or the application or use of the results of university research;
(d) preparing, publishing, distributing or licensing the use of literary or artistic work, audio or audiovisual material or computer software;
(e) seeking or encouraging gifts to the university or for the purposes of the university;
(f) promoting or assisting drama, music or the visual arts.