sec.55Forming and taking part in corporations

### sec.55 Forming and taking part in corporations The university may be a member of, form, take part in forming or manage a corporation whose objects include any of the following— making available facilities for study, research or education; providing teaching, research, development, consultancy or other services for public or private entities; helping or engaging in the development or promotion of the university’s research or the application or use of the results of the research; preparing, publishing, distributing or licensing the use of literary or artistic work, audio or audiovisual material or computer software; exploiting commercially a facility or resource of the university, including, for example, study, research or knowledge, or the practical application of study, research or knowledge, developed by or belonging to the university, whether alone or with someone else; seeking or encouraging gifts to the university or for the university’s purposes; another object, consistent with this Act, that the senate considers is appropriate in the circumstances. The university, or a corporation managed by the university or of which the university is a member, may enter into an agreement or arrangement with a corporation whose objects include an object mentioned in subsection (1) for achieving the object. This section applies despite the Corporations Act . s 55 amd 2001 No. 45 s 29 sch s 2 – 3 ; 2005 No. 18 s 112 (sec.55-ssec.1) The university may be a member of, form, take part in forming or manage a corporation whose objects include any of the following— making available facilities for study, research or education; providing teaching, research, development, consultancy or other services for public or private entities; helping or engaging in the development or promotion of the university’s research or the application or use of the results of the research; preparing, publishing, distributing or licensing the use of literary or artistic work, audio or audiovisual material or computer software; exploiting commercially a facility or resource of the university, including, for example, study, research or knowledge, or the practical application of study, research or knowledge, developed by or belonging to the university, whether alone or with someone else; seeking or encouraging gifts to the university or for the university’s purposes; another object, consistent with this Act, that the senate considers is appropriate in the circumstances. (sec.55-ssec.2) The university, or a corporation managed by the university or of which the university is a member, may enter into an agreement or arrangement with a corporation whose objects include an object mentioned in subsection (1) for achieving the object. (sec.55-ssec.3) This section applies despite the Corporations Act . - (a) making available facilities for study, research or education; - (b) providing teaching, research, development, consultancy or other services for public or private entities; - (c) helping or engaging in the development or promotion of the university’s research or the application or use of the results of the research; - (d) preparing, publishing, distributing or licensing the use of literary or artistic work, audio or audiovisual material or computer software; - (e) exploiting commercially a facility or resource of the university, including, for example, study, research or knowledge, or the practical application of study, research or knowledge, developed by or belonging to the university, whether alone or with someone else; - (f) seeking or encouraging gifts to the university or for the university’s purposes; - (g) another object, consistent with this Act, that the senate considers is appropriate in the circumstances.