Victorian Consolidated Legislation

Introduction Agents Act 1997 - SECT 8

Exemption for activities with a community purpose

8. Exemption for activities with a community purpose



(1) A person does not act as an introduction agent by carrying out an activity
if-

   (a)  the activity is carried out for a community purpose; and

   (b)  the net proceeds from the activity are solely applied (or to be
        applied) to furthering that purpose.

(2) In this section community purpose means-

   (a)  a philanthropic or benevolent purpose (including the promotion of art,
        culture, science, religion, education, medicine or charity); or

   (b)  a sporting or recreational purpose (including the benefiting of any
        sporting or recreational club or association).