64(1)Subject to sub-paragraph (2) below, a higher education corporation and any successor company to a higher education corporation (within the meaning of section 129(5) of this Act) shall be an exempt charity for the purposes of the Charities Act 1960.
(2)Sub-paragraph (1) above shall only apply in relation to any such successor company at a time when any institution conducted by the company is for the time being designated under section 129 of this Act.
(3)Paragraph (e) of Schedule 2 to that Act (institutions connected with institutions which are exempt charities for the purposes of that Act by virtue of the preceding provisions of that Schedule) shall apply in relation to an institution administered by or on behalf of—
(a)a higher education corporation; or
(b)any such successor company which is for the time being an exempt charity for the purposes of that Act by virtue of sub-paragraph (1) above;
as it applies in relation to an institution included in that Schedule above that paragraph.