Document ID: chunk:federal_register_of_legislation:F2015L00068:schedule:11
Version: federal_register_of_legislation:F2015L00068
Segment Type: schedule
Provision Reference: sch 11
Character Range: 160363–162261

Schedule 11

Note: the reference to Schedule 11 is not part of the instrument in Schedule 11.

Veterans' Entitlements (Means Test Treatment of Private Companies — Excluded Companies) Declaration 2001

Instrument 2014 No.R75

Part 1 Preliminary

1 Name of Declaration

  This Declaration is the Veterans' Entitlements (Means Test Treatment of Private Companies – Excluded Companies) Declaration 2001.

2 Commencement
      This Declaration commences when the Veterans' Affairs (Legislative Instrument Re-making Exercise) Instrument 2014 commences.

3 Purpose

  This Declaration specifies a class of companies that are excluded companies for section 52ZZA of the Act.

4 Definitions

  In this Declaration:
Act means the Veterans' Entitlements Act 1986.
community purpose means a purpose that is intended to benefit primarily the members of a particular community or group.
government body includes the following kinds of body:
 (a) a department or agency of the Commonwealth;
 (b) a department or agency of a State or Territory;
 (c) a municipal corporation or other local government body;
 (d) a body corporate in which the Commonwealth, a State or a Territory body holds a controlling interest.
income means income within the ordinary meaning of that expression.
indigenous-held land has the same meaning as in section 4B of the Aboriginal and Torres Strait Islander Act 2005.

Part 2 Specified class of companies

5 Companies with community purpose are excluded companies

 (1) Each company that meets the requirements in subsection (2) is an excluded company for section 52ZZA of the Act.

 (2) The company must have the sole or dominant purpose of receiving, managing and distributing:
 (a) property transferred directly to it, or to it through an interposed entity, by a government body for a community purpose; or
 (b) income generated from the use of indigenous-held land.