{
  "url": "https://openlegislation.uk/draft-assets-of-community-value-england-regulations-2012/regulation-5",
  "json_url": "https://openlegislation.uk/draft-assets-of-community-value-england-regulations-2012/regulation-5.json",
  "legislation": "ukdsi/2012/9780111526293",
  "legislation_title": "The Assets of Community Value (England) Regulations 2012",
  "legislation_url": "https://openlegislation.uk/draft-assets-of-community-value-england-regulations-2012",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Voluntary or community bodies",
  "text": "(1) For the purposes of section 89(2)(b)(iii) of the Act, but subject to paragraph (2), “a voluntary or community body” means—\n(a) a body designated as a neighbourhood forum pursuant to section 61F of the Town and Country Planning Act 1990;\n(b) a parish council;\n(c) an unincorporated body—\n(i) whose members include at least 21 individuals, and\n(ii) which does not distribute any surplus it makes to its members;\n(d) a charity;\n(e) a company limited by guarantee which does not distribute any surplus it makes to its members;\n(f) an industrial and provident society which does not distribute any surplus it makes to its members; or\n(g) a community interest company.\n(2) A public or local authority may not be a voluntary or community body, but this does not apply to a parish council.\n(3) In this regulation “industrial and provident society” means a body registered or deemed to be registered under the Industrial and Provident Societies Act 1965 which meets one of the conditions in section 1 of that Act",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1990 c.8. Section 61F was inserted by paragraphs 1 and 2 of Schedule 9 to the Localism Act 2011, with effect from 6th April 2012, in accordance with article 8(a) of the Localism Act 2011 (Commencement No. 4 and Transitional, Transitory and Saving Provisions) Order 2012, S.I. 2012/628."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "A community interest company is a company which satisfies the requirements of Part 2 of the Companies (Audit, Investigations and Community Enterprise Act 2004 (c.27). See in particular sections 26, 35 and 36A. There have been amendments to section 26 and a substitution of section 36A which are not significant for these Regulations."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "1965 c.12. There have been amendments to section 1 of the 1965 Act which are not significant for these Regulations. Section 1 of the Co-operative and Community Benefit Societies and Credit Unions Act 2010 (c.7) substitutes new wording for section 2 of the 1965 Act, and amends the title of that Act to the Co-operative and Community Benefit Societies and Credit Unions Act 1965, on a date to be appointed."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2012/9780111526293/regulation/5",
    "retrieved_at": "2026-10-30T14:51:27.444952+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}