(1)A qualifying Academy proprietor is a charity.
(2)A “qualifying Academy proprietor” is a company—
(a)which is limited by guarantee,
(b)whose registered office is situated in England and Wales,
(c)which in pursuance of Academy arrangements is the proprietor of an Academy, and
(d)whose object as expressed in its articles or memorandum of association (or each of whose objects as so expressed) is a charitable purpose.
(3)Expressions used in subsection (2) and in the Companies Act 2006 have the same meaning in that subsection as in that Act.
(4)In Schedule 2 to the Charities Act 1993 (exempt charities), after paragraph (c) insert—
“(ca)a qualifying Academy proprietor (as defined in section 12(2) of the Academies Act 2010);”.