The primary objects of a housing action trust in relation to the designated area for which it is established shall be—
Without prejudice to subsection (1) above, a housing action trust may—
For the avoidance of doubt it is hereby declared that it is immaterial for the purposes of this section whether action taken by a housing action trust for achieving its objects or exercising the powers conferred on it by subsection (2) above also—
For the purpose of achieving its objects and exercising the powers conferred on it by subsection (2) above, a housing action trust may—
and may generally do anything necessary or expedient for the purposes of those objects and powers or for purposes incidental thereto.
For the avoidance of doubt it is hereby declared that subsection (3) above relates only to the capacity of a housing action trust as a statutory corporation; and nothing in this section authorises such a trust to disregard any enactment or rule of law.
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A transaction between any person and a housing action trust shall not be invalidated by reason of any failure by the trust to observe the objects in subsection (1) above or the requirement that the trust shall exercise the powers conferred by subsections (2) and (3) above for the purpose referred to in that subsection.