(1) For the purposes of one or more of the objects set out in subsection (2), the University may, in accordance with the guidelines—
(a) be a member of a company, association, trust or partnership;
(b) form, manage or participate in the formation of a company, association, trust or partnership;
(c) enter into a joint venture or joint undertaking with another person or persons.
(2) For the purposes of subsection (1), the objects are—
(a) making available facilities for study, research or education;
(b) providing teaching, research, development, consultancy or other services for public or private entities;
(c) assisting or engaging in the development or promotion of the University's research or the application or use of the results of that 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 but not limited to, study, research or knowledge developed by or belonging to the University, whether alone or with another entity;
(f) seeking or encouraging gifts to the University or for the University's purposes;
(g) any other object, consistent with this Act, that the Council considers appropriate in the circumstances.