(1) The Council has the following functions and powers—
(a) to appoint the Chancellor, any Deputy Chancellor and the Vice-Chancellor;
(b) to establish policies relating to the governance of the University;
(c) to oversee and review the management of the University and its performance;
(d) to oversee the management and control of the property and business affairs of the University;
(e) to oversee the management and control of the University's finances;
(f) any other powers and functions conferred on it by or under—
(i) this Act or any other Act; or
(ii) any university statute or university regulation;
(g) the power to do anything else necessary or convenient to be done for or in connection with its powers and functions.
(2) Without limiting subsection (1), the Council—
(a) may determine what persons or classes of persons constitute the academic staff of the University for the purposes of this Act;
(b) may designate a diploma or certificate to be awarded to students as—
(i) a postgraduate diploma or postgraduate certificate; or
(ii) a graduate diploma or graduate certificate; or
(iii) an undergraduate diploma or undergraduate certificate;
(c) may designate persons or classes of persons as students.