61Declaration of approved donors

#### 61 Declaration of approved donors (1) The Minister may, by legislative instrument, declare a body (other than the industry research body) to be an approved donor. (2) The Minister must not declare a body to be an approved donor unless satisfied: (a) that the body is a company limited by guarantee incorporated under the Corporations Act 2001; and (b) that, having regard to its membership, its constitution, and any undertakings it has given, or agreements or arrangements it has entered into with other industry bodies or the Minister (or both), whether before or after the commencement of this section, the body can appropriately represent the industry in relation to the industry’s research and development interests; and (c) that the body has consented to the declaration.