(1) The Treasury may by regulations make provision for enabling any community benefit society, or any community benefit society of a prescribed kind, to ensure that -

(a) assets of the society of a prescribed kind,

(b) assets of the society specified by it in accordance with the regulations, or

(c) all of the society's assets,

cannot be used or dealt with except in a case mentioned in subsection (2).

(2) The cases are -

(a) where the use or dealing is, directly or indirectly -

(i) for a purpose that is for the benefit of the community and is of a prescribed kind, or

(ii) if no kinds of purpose are prescribed under this paragraph, for any purpose that is for the benefit of the community, or

(b) where the circumstances are such as may be prescribed.