4Meaning of corporation

4 Meaning of corporation

(1) In this regulation, corporation includes the following: (a) a company; (b) a body corporate; (c) an unincorporated body that, under the law of the place where the body is formed, may: (i) sue or be sued; or (ii) hold property in the name of the secretary of the body or an office holder of the body appointed for that purpose; (d) a public authority; (e) a corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006; (f) a trade union. (2) However, corporation does not include the following: (a) a corporation sole that is not a public authority; (b) a small business; (c) an unincorporated not‑for‑profit association. (3) A corporation is not required to be subject to the Corporations Act 2001 to be a corporation for this regulation. (4) In this section:

not‑for‑profit association means a society, club, institution or body that is not formed for the purpose of trading or securing pecuniary profit from its transactions for its members.

public authority means the following:

(a) a body or authority of the Commonwealth or of a State or Territory, including the following:
(i) a Department of the Commonwealth or of a State or Territory;
(ii) a Department of the Parliament established under the Parliamentary Service Act 1999, a Department of the Parliament of a State or a Department of the legislature of a Territory;
(iii) a prescribed Agency under the Financial Management and Accountability Act 1997;
(b) a person representing a body or authority of the Commonwealth or of a State or Territory;
(c) a Minister for the Commonwealth or for a State or Territory;
(d) a statutory office holder.

small business means a business with:

(a) no more than 19 employees; and
(b) a total turnover of less than $2 million each year.