Property Occupations Act 2014

A non-profit corporation is exempt from parts 3 and 4 and part 6, divisions 1 and 2 if—

the corporation provides or locates—

affordable rental housing under an affordable housing scheme; or

approved supported accommodation; and

the providing or locating of the housing or accommodation is funded or managed by the Commonwealth, a State or a local government.

Subsection (1) does not apply if the non-profit corporation is otherwise carrying on the business of a resident letting agent or property agent.

To remove any doubt, it is declared that a corporation does not stop being a non-profit corporation only because it receives a reward for providing its services to another non-profit corporation.

In this section—affordable housing scheme see the Residential Tenancies and Rooming Accommodation Act 2008, schedule 2.approved supported accommodation see the Residential Tenancies and Rooming Accommodation Act 2008, schedule 2.non-profit corporation means a corporation formed for a purpose other than the purpose of making a profit.