(1) The Minister may, in writing, declare a company to be the industry services body if:
(a) the Commonwealth and the company have entered into a funding contract; and
(b) the Minister is satisfied that, if the company is so declared, it will comply with its obligations under the funding contract and this Act.
Declaration takes effect immediately
(2) A declaration under this section takes effect immediately after it is made.
Tabling in Parliament
(3) The Minister must cause a copy of a declaration under this section to be tabled in each House of the Parliament within 15 sitting days of that House after the day on which the declaration is made.
Declaration is not a legislative instrument
(4) A declaration made under subsection ( 1) is not a legislative instrument.