Document ID: chunk:federal_register_of_legislation:F2025L00247:reg:5
Version: federal_register_of_legislation:F2025L00247
Segment Type: reg
Provision Reference: reg 5
Character Range: 1092–2595

5  Definitions
  In this instrument:
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 means 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

       6  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 dominant purpose of:
           (a) receiving, managing or distributing property transferred directly to it, or through an interposed entity, by a government body for a community purpose; or
           (b) holding, managing or disposing of indigenous-held land, for a community purpose; or
           (c) receiving, managing or distributing income that:
             (i) has been generated from indigenous-held land; and
            (ii) is applied for a community purpose.