Meaning of eligible entity
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.
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