Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p10
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 10/59)
Character Range: 7890772–7893648

*constitution contains provisions about the distribution of amounts collected or *derived by it, including a requirement that a *member of the society cannot direct the body to pay an amount at a particular time;
 (iii) other conditions prescribed by the regulations (if any) for the purposes of this subparagraph are met;
 (b) a company that satisfies all of the following conditions:
 (i) the company is incorporated under an *Australian law relating to companies;
 (ii) the company has and maintains the purpose of collective administration of copyrights;
 (iii) if the company has other purposes—these purposes are incidental to the purpose described in subparagraph (ii) or, if the company is the *resale royalty collecting society, relate to the company's functions or duties as resale royalty collecting society;
 (iv) the company collects or derives, and distributes, income of a kind mentioned in paragraph 51‑43(2)(a) or (b);
 (v) the company's constitution allows any copyright owner, or his or her *agent, to be a member of the society, or allows all copyright owners of a particular type to be members;
 (vi) the company's constitution prohibits the payment of *dividends;
 (vii) the company's constitution contains provisions about the payment, out of amounts collected or derived by it, of the administrative costs of collecting those amounts;
 (viii) the company's constitution contains provisions about the distribution of amounts collected or derived by it, including a requirement that an amount must be paid to a member as soon as is reasonably possible after the allocation of the amount to the member, as well as a requirement that a member cannot direct the company to pay an amount at a particular time;
 (ix) the company's constitution, or contracts with members, contains such other provisions as are prescribed by the regulations (if any), being provisions necessary to ensure that the interests of members or their agents are protected adequately;
 (x) the company's constitution requires the company to hold amounts on trust for copyright owners who are not members, or for members pending the payment of amounts to them;
 (xi) the company's constitution, or contracts with members, allows all members to access the company's records;
 (xii) other conditions prescribed by the regulations (if any) for the purposes of this subparagraph are met.
core R&D activities has the meaning given by section 355‑25.
core shipping activities has the meaning given by section 51‑110.
corporate change has the meaning given by section 166‑175.
corporate collective investment vehicle or CCIV has the same meaning as in the Corporations Act 2001.
corporate limited partnership has the meaning given by section 94D of the Income Tax Assessment Act 1936.
corporate tax entity has the meaning given by section 960‑115.
corporate tax gross‑up rate, of an entity for