Queensland Consolidated Acts

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PROPERTY AGENTS AND MOTOR DEALERS ACT 2000 - SECT 9

9 Exemption--nonprofit corporations

(1) A nonprofit corporation is exempt from chapters 4 and 5 if--

(a) the corporation provides or locates--
(i) affordable rental housing under an affordable housing scheme; or
(ii) approved supported accommodation; and
(b) the providing or locating of the housing or accommodation is funded or managed by the Commonwealth, the State or a local government.

(2) Subsection (1) does not apply if the nonprofit corporation is otherwise carrying on the business of a resident letting agent or real estate agent.

(3) To remove any doubt, it is declared that a corporation does not stop being a nonprofit corporation only because it receives a reward for providing its services to another nonprofit corporation.

(4) In this section--

affordable housing scheme see the Residential Tenancies Act 1994, schedule 3.

approved supported accommodation see the Residential Tenancies Act 1994, schedule 3.

nonprofit corporation means a corporation formed for a purpose other than the purpose of making a profit.



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