Legislation – Subsidy Control Act 2022
Changes to legislation:
There are currently no known outstanding effects for the Subsidy Control Act 2022, Section 7.
Changes to Legislation
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PART 1Overview and key interpretation
“Enterprise”
7“Enterprise”
(1)
(a)
a person who is engaged in an economic activity that entails offering goods or services on a market, to the extent that the person is engaged in such an activity, or
(b)
a group of persons under common ownership or common control which is engaged in an economic activity that entails offering goods or services on a market, to the extent that the group is engaged in such an activity.
(2)
For the purposes of this section, an activity is not to be regarded as an economic activity if or to the extent that it is carried out for a purpose that is not economic.
(3)
For the purposes of this section, a person or group of persons is not to be regarded as an enterprise by virtue only of being a shareholder or shareholders in a body corporate which is to any extent an enterprise.
(4)
In this section, “person” includes a body corporate, a partnership and an unincorporated association.
(5)
For further provision relevant to the interpretation of this section, see section 8 (persons under common control).