Section 162 - Australian Charities and Not-for-profits Commission (Consequential and Transitional) Act 2012 - Paragraphs 45B(9)(b) and (c)

162 Paragraphs 45B(9)(b) and (c)

(b) both of the following subparagraphs apply:

(i) the person who required or requires the covenant to be given was or is, at that time, a registered charity;

(ii) the covenant was or is required to be given for or in accordance with the purposes or objects of that registered charity; or

(i) the covenant was or is required to be given in pursuance of a legally enforceable requirement made by a registered charity;

(ii) that legally enforceable requirement was or is made for or in accordance with the purposes or objects of that registered charity.

162Paragraphs 45B(9)(b) and (c)