149Definition

149 Definition

In this Division—

not-for-profit organisation means an organisation that—

(a) is not established for the purposes of profit or gain; and

(b) has a primary purpose or objective that it is operated not for profit or gain; and

(c) does not distribute any part of the profit or gain made in the conduct of activities by the organisation to any entity; and

(d) has wholly charitable, benevolent, philanthropic or recreational purposes; and

(e) is not a school or an educational institution; and

(f) is not a body which promotes or is funded by horse racing or greyhound racing.