Document ID: chunk:federal_register_of_legislation:C2006A00158:clause:11_2
Version: federal_register_of_legislation:C2006A00158
Segment Type: clause
Provision Reference: sch 11 cl 2
Character Range: 231806–232602

2  Subsection 136(1) (definition of licensor)
Repeal the definition, substitute:

licensor means a body corporate for which both the following conditions are met:
 (a) the body is incorporated under a law in force in a State or Territory relating to companies;
 (b) the body's constitution:
 (i) entitles any owner of copyright, or any owner of copyright of a specified kind, to become a member of the body; and
 (ii) requires the body to protect the interests of its members connected with copyright; and
 (iii) provides that the main business of the body is granting licences; and
 (iv) requires the body to distribute to its members the proceeds (after deduction of the body's administrative expenses) from payments to the body for licences; and
 (v) prevents the body from paying dividends.