A person is exempt in relation to an activity the person undertakes on behalf of a foreign principal if:
(a) the person is registered as a charity under the Australian Charities and Not-for-profits Commission Act 2012 ; and
(b) the activity is undertaken in pursuit of a charitable purpose of the person within the meaning of Part 3 of the Charities Act 2013 ; and
(c) the activity is not disbursement activity; and
(d) at the time the activity is undertaken, both of the following matters are either apparent to the public or disclosed to the public:
(i) the fact that the person is undertaking the activity on behalf of a foreign principal;
(ii) the identity of the foreign principal.