Australian Capital Territory Current Acts

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ELECTORAL ACT 1992 - SECT 222C

Meaning of property developer—div 14.4A

    (1)     In this division:

"property developer"—

        (a)     means a corporation that carries on a business involving the residential or commercial development of land to sell or lease for profit; but

        (b)     does not include the following:

              (i)     an incorporated association under the Associations Incorporation Act 1991

;

              (ii)     a corporation operated on a not-for-profit basis;

              (iii)     a corporation declared under section 222K;

              (iv)     any other corporation prescribed by regulation.

Examples—subpar (ii)

1     a company under the Corporations Act

limited by guarantee that is prevented by its governing documents from distributing the company's profits or assets to its shareholders

2     a corporation registered with the Australian Charities and Not-for-profits Commission

Note     Power to make a regulation includes power to make different provision in relation to different matters or different classes of matters, and to make a regulation that applies differently by reference to stated exceptions or factors (see Legislation Act

, s 48).

    (2)     In this section:

"development", in relation to land—see the Planning Act 2023

, section 14 (1).



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