29A
In forceExemption: industry representative bodies
Part 2Registration under the scheme
Division 4Exemptions
29A Exemption: industry representative bodies
A person is exempt in relation to an activity the person undertakes on behalf of a foreign principal if:
(a)
the person is an entity formed in Australia, or incorporated under a law of the Commonwealth, a State or a Territory (an Australian entity); and
(b)
the person’s purpose is to represent the interests of business or a particular sector of business or industry; and
(c)
the person has members who are also Australian entities; and
(d)
the activity is, or relates primarily to, representing the interests of business, or the particular sector, as a whole.
This Act’s bill:Explanatory memorandumSecond reading speech
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