Queensland Consolidated Acts Queensland Consolidated Acts(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.