sec.13Modification of s 220 (Name to include certain matter)

sec.13 Modification of s 220 (Name to include certain matter)

Section 220 , after subsection (6) — insert— The Registrar may, by written notice given to an entity, exempt the entity from subsection (4) if the Registrar is satisfied the entity is trading or carrying on business for: the purpose of promoting the economic interests of its members in accordance with co-operative principles; or a charitable purpose. An exemption given under subsection (6A) : may be given subject to conditions; and has effect for the period stated in the exemption, unless it is earlier revoked. If the Registrar gives an entity an exemption under subsection (6A) : subsection (4) does not apply in relation to the entity while the exemption is in effect; and the Registrar may vary the conditions of the exemption, or revoke the exemption, by written notice given to the entity. For subsections (6A) and (6C) (b) , a written notice given to a member of the controlling body of an entity is taken to have been given to the entity. Subsections (6A) to (6D) are additional Queensland provisions. (sec.13-frag-ssec.6A) The Registrar may, by written notice given to an entity, exempt the entity from subsection (4) if the Registrar is satisfied the entity is trading or carrying on business for: the purpose of promoting the economic interests of its members in accordance with co-operative principles; or a charitable purpose. (sec.13-frag-ssec.6B) An exemption given under subsection (6A) : may be given subject to conditions; and has effect for the period stated in the exemption, unless it is earlier revoked. (sec.13-frag-ssec.6C) If the Registrar gives an entity an exemption under subsection (6A) : subsection (4) does not apply in relation to the entity while the exemption is in effect; and the Registrar may vary the conditions of the exemption, or revoke the exemption, by written notice given to the entity. (sec.13-frag-ssec.6D) For subsections (6A) and (6C) (b) , a written notice given to a member of the controlling body of an entity is taken to have been given to the entity.

• (a) the purpose of promoting the economic interests of its members in accordance with co-operative principles; or
• (b) a charitable purpose.
• (a) may be given subject to conditions; and
• (b) has effect for the period stated in the exemption, unless it is earlier revoked.
• (a) subsection (4) does not apply in relation to the entity while the exemption is in effect; and
• (b) the Registrar may vary the conditions of the exemption, or revoke the exemption, by written notice given to the entity.