Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(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 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.
(3) The university must not form, or participate in the formation of, a company in which the university will have a controlling interest within the meaning of the Auditor-General Act 1996 unless the memorandum or articles of association of the company provide that the company must not alter the memorandum or articles of association unless the council has by resolution authorised the alteration.