In assessing whether your use of the work is permitted or not you must assess if there is any financial impact on the copyright owner because of your use. The purpose of this exception is to allow students and researchers to make limited copies of all types of copyright works for non-commercial research or private study.
Such use is only permitted when it is ‘fair dealing’ and copying the whole work would not generally be considered fair dealing. You are allowed to copy limited extracts of works when the use is non-commercial research or private study, but you must be genuinely studying (like you would if you were taking a college course). Non-commercial research and private study These can be found in the copyright sections of the Copyright Act. There are certain very specific situations where you may be permitted to do so without seeking permission from the owner.
As well as owning copyright works yourself, you may wish to make use of someone else’s copyright protected works.