2. Conditions for appointment or re-appointment as sector member

Any organisation which satisfies all of the following requirements may apply for appointment or re‑appointment as a sector member:

the organisation satisfies the requirement in section 15(3) of the Act;

the organisation is —

registered under the Business Names Registration Act 2014;

registered under the Societies Act 1966;

incorporated under the Companies Act 1967;

the trustee or trustees of a charitable trust registered under the Charities Act 1994; or

established by or under any written law;

the organisation has been carrying on business for a continuous period of at least 2 years;

the organisation has sufficient financial resources, and has maintained the ability to obtain sufficient financial resources, to maintain its business.

The Council may waive the requirement under paragraph (1)(c) subject to any conditions that the Council thinks fit.

Any organisation which satisfies all of the following requirements may apply for appointment or re‑appointment as a sector member:

the organisation satisfies the requirement in section 15(3) of the Act;

the organisation is —

registered under the Business Names Registration Act 2014;

registered under the Societies Act 1966;

incorporated under the Companies Act 1967;

the trustee or trustees of a charitable trust registered under the Charities Act 1994; or

established by or under any written law;

the organisation has been carrying on business for a continuous period of at least 2 years;

the organisation has sufficient financial resources, and has maintained the ability to obtain sufficient financial resources, to maintain its business.

The Council may waive the requirement under paragraph (1)(c) subject to any conditions that the Council thinks fit.