(1) The Minister may form or establish, or participate in the forming or establishing of, an entity for any purpose that may directly or indirectly further education in any way.
(2) An entity formed or established under subsection (1) is a statutory body under the Financial Accountability Act 2009 and the Statutory Bodies Financial Arrangements Act 1982 .
(3) The Statutory Bodies Financial Arrangements Act 1982 , part 2B sets out the way in which the powers under this Act of an entity formed or established under subsection (1) are affected by the Statutory Bodies Financial Arrangements Act 1982 .