There shall be a body corporate to be known as the Security Industry Authority (in this Act referred to as "the Authority").
The functions of the Authority shall be—
The Authority may do anything that it considers is calculated to facilitate, or is incidental or conducive to, the carrying out of any of its functions.
Without prejudice to subsection (3), the Authority may, for any purpose connected with the carrying out of its functions—
The Authority shall not be regarded—
and the property of the Authority shall not be regarded as property of, or property held on behalf of, the Crown.
Schedule 1 (which makes provision about the Authority) shall have effect.