Complex sentence: Under similar legislation NIHE, Dublin was established as Dublin City University, with powers to award its own degrees the legislative status of both new universities outranked that of the colleges of the NUI and of the University of Dublin.
Split into simpler sentences: Under similar legislation NIHE, Dublin was established as Dublin City University. With powers to award its own degrees the legislative status of both new universities outranked that of the colleges of the NUI and of the University of Dublin.