This Part applies to a body corporate that:
(a) is registered under the Australian Charities and Not-for-profits Commission Act 2012 ; and
(b) is none of the following:
(i) a Commonwealth company for the purposes of the Public Governance, Performance and Accountability Act 2013 ;
(ii) a subsidiary of a Commonwealth company for the purposes of that Act;
(iii) a subsidiary of a corporate Commonwealth entity for the purposes of that Act.