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Power of Department of Education and Education Authority to form company for purposes connected with shared education

5.—(1) For the purposes of its functions under section 3, the Department of Education may form, or participate in the formation of, a company under the Companies Act 2006.

(2) For the purposes of its functions under section 2(3) of the Education Act (Northern Ireland) 2014, the Education Authority may form, or participate in the formation of, a company under the Companies Act 2006.