222C

Meaning of property developer—div 14.4A

In force

(1)

In this division:

property developer—

(a)

means a corporation that carries on a business involving the residential or commercial development of land to sell or lease for profit; but

(b)

does not include the following:

(i)

an incorporated association under the Associations Incorporation Act 1991;

(ii)

a corporation operated on a not-for-profit basis;

(iii)

a corporation declared under section 222K;

(iv)

any other corporation prescribed by regulation.

Examples—par (ii)

1 a company under the Corporations Act limited by guarantee that is prevented by its governing documents from distributing the company’s profits or assets to its shareholders

2 a corporation registered with the Australian Charities and Not‑for‑profits Commission

Note

Power to make a regulation includes power to make different provision in relation to different matters or different classes of matters, and to make a regulation that applies differently by reference to stated exceptions or factors (see Legislation Act, s 48).

(2)

In this section:

development, in relation to land—see the Planning Act 2023, section 14 (1).

Regulations

This provision refers to the regulations (prescribed by regulation, a regulation). Made under this Act:

Electoral Regulation 1993 · under s 341

This Act’s bill:Explanatory statement

Research tools for this sectionSubscription

Cited by Analyse Interrogate History Equivalents

The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.