Prospective
Section 115 of the Housing and Regeneration Act 2008 (profit-making and non-profit organisations) is amended as follows—
(a)omit subsection (2);
(b)for subsection (3) substitute—
“(3)A body is a non-profit organisation if—
(a)it is a registered or non-registrable charity and satisfies Conditions 1 and 2, or
(b)otherwise, it satisfies Conditions 1 to 3.”;
(c)in subsection (4)—
(i)in paragraph (a), omit “or”;
(ii)omit paragraph (b);
(d)after subsection (6) insert—
“(6A)The fact that a body is prohibited by its constitution from trading for profit does not, of itself, mean that it is a body which does not trade for profit for the purposes of subsection (4)(a).”;
(e)in subsection (8) omit “(2) or”.
Commencement Information
I1S. 8 not in force at Royal Assent, see s. 46(3)