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Housing and Regeneration Act 2008

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Housing and Regeneration Act 2008, Section 115 is up to date with all changes known to be in force on or before 17 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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115Profit-making and non-profit organisationsE+W
This adran has no associated Nodiadau Esboniadol

(1)Each entry in the register shall designate the body registered as either—

(a)a non-profit organisation, or

(b)a profit-making organisation.

F1(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F2(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.]

(4)Condition 1 is that the body—

(a)does not trade for profit, F3...

F4(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)Condition 2 is that a purpose of the body is the provision or management of housing.

(6)Condition 3 is that any other purposes of the body are connected with or incidental to the provision of housing.

[F5(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).]

(7)The Secretary of State may make regulations providing that a specified purpose is to be, or not to be, treated as connected with or incidental to the provision of housing.

(8)A body which is not a non-profit organisation under subsection F6... (3) is a profit-making organisation.

(9)If the regulator thinks that what was a profit-making organisation has become a non-profit organisation [F7or vice versa], the regulator must change the registered designation accordingly [F8and notify the body it has done so.]

[F9(10)Subsection (1) does not apply to the entry of a local authority in the register (and, accordingly, references to “profit-making” and “non-profit” in connection with a registered provider do not refer to a local authority).]

Textual Amendments

Commencement Information

I1S. 115 in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)

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