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3. For the purposes of the definition of “social enterprise” in section 16(2) of the Act, an activity is only to be treated as an activity which a person might reasonably consider to be an activity carried on for the benefit of society if—
(a)it is inclusive (as defined in Regulation 4);
(b)it involves people (as defined in Regulation 5); and
(c)it promotes well-being (as defined in Regulation 6).
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