What Acts of Parliament govern the operation of incorporated not-for-profit organisations?

The Australian Charities and Not-for-profits Commission Act 2012 (ACNC Act) governs eligibility of a not-for-profit entity to be registered as a charity for federal purposes, and establishes governance standards and reporting requirements for registered organizations

WARNING: I am not sure I am right

Explanation:

answer; i believe the correct answer is (business necessity defense;

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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