14Eligibility for incorporation

14 Eligibility for incorporation (1) An association is eligible for incorporation if it— (a) has at least 5 members; and (b) is formed or carried on for a lawful object; and (c) is not ineligible for incorporation under subsection (2). (2) An association is ineligible for incorporation under this subsection if it— (a) is formed or carried on with the object of obtaining pecuniary gain for its members; or (b) is obtaining pecuniary gain for its members; or (c) has capital divided into shares or stock held by its members; or (d) holds property in which its members have an alienable interest, whether directly or in the form of shares or stock in its capital or otherwise; or (e) is capable of applying for registration as an organisation under the Fair Work (Registered Organisations) Act 2009 (Cwlth), chapter 2, part 2.