sch.41-sec.5Meaning of eligible entity

### sch.41-sec.5 Meaning of eligible entity Each of the following entities is an eligible entity — an entity that carries on a medium-size business; an association incorporated under the Associations Incorporation Act 1981 ; a co-operative registered under the Co-operatives National Law (Queensland) ; an Aboriginal and Torres Strait Islander corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (Cwlth) ; a primary producer; an entity established to represent— primary producers; or primary production enterprises; an entity that is a federation of entities mentioned in paragraph (f) ; a university located in Queensland; a tertiary education institution, or another institution or organisation, that provides vocational training in Queensland; a local government. In this section— primary producer means— a sole trader who spends the majority of the trader’s labour on, and derives the majority of the trader’s income from, a primary production enterprise; or a partner in a partnership that carries on a primary production enterprise, if the partner spends the majority of the partner’s labour on, and derives the majority of the partner’s income from, the enterprise; or a shareholder in a proprietary company that carries on a primary production enterprise, if the shareholder spends the majority of the shareholder’s labour on, and derives the majority of the shareholder’s income from, the enterprise; or a beneficiary of a trust that carries on a primary production enterprise, if the beneficiary spends the majority of the beneficiary’s labour on, and derives the majority of the beneficiary’s income from, the enterprise. sch 41 s 5 ins 2022 SL No. 54 s 4 (sch.41-sec.5-ssec.1) Each of the following entities is an eligible entity — an entity that carries on a medium-size business; an association incorporated under the Associations Incorporation Act 1981 ; a co-operative registered under the Co-operatives National Law (Queensland) ; an Aboriginal and Torres Strait Islander corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (Cwlth) ; a primary producer; an entity established to represent— primary producers; or primary production enterprises; an entity that is a federation of entities mentioned in paragraph (f) ; a university located in Queensland; a tertiary education institution, or another institution or organisation, that provides vocational training in Queensland; a local government. (sch.41-sec.5-ssec.2) In this section— primary producer means— a sole trader who spends the majority of the trader’s labour on, and derives the majority of the trader’s income from, a primary production enterprise; or a partner in a partnership that carries on a primary production enterprise, if the partner spends the majority of the partner’s labour on, and derives the majority of the partner’s income from, the enterprise; or a shareholder in a proprietary company that carries on a primary production enterprise, if the shareholder spends the majority of the shareholder’s labour on, and derives the majority of the shareholder’s income from, the enterprise; or a beneficiary of a trust that carries on a primary production enterprise, if the beneficiary spends the majority of the beneficiary’s labour on, and derives the majority of the beneficiary’s income from, the enterprise. - (a) an entity that carries on a medium-size business; - (b) an association incorporated under the Associations Incorporation Act 1981 ; - (c) a co-operative registered under the Co-operatives National Law (Queensland) ; - (d) an Aboriginal and Torres Strait Islander corporation registered under the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (Cwlth) ; - (e) a primary producer; - (f) an entity established to represent— (i) primary producers; or (ii) primary production enterprises; - (i) primary producers; or - (ii) primary production enterprises; - (g) an entity that is a federation of entities mentioned in paragraph (f) ; - (h) a university located in Queensland; - (i) a tertiary education institution, or another institution or organisation, that provides vocational training in Queensland; - (j) a local government. - (i) primary producers; or - (ii) primary production enterprises; - (a) a sole trader who spends the majority of the trader’s labour on, and derives the majority of the trader’s income from, a primary production enterprise; or - (b) a partner in a partnership that carries on a primary production enterprise, if the partner spends the majority of the partner’s labour on, and derives the majority of the partner’s income from, the enterprise; or - (c) a shareholder in a proprietary company that carries on a primary production enterprise, if the shareholder spends the majority of the shareholder’s labour on, and derives the majority of the shareholder’s income from, the enterprise; or - (d) a beneficiary of a trust that carries on a primary production enterprise, if the beneficiary spends the majority of the beneficiary’s labour on, and derives the majority of the beneficiary’s income from, the enterprise.