Corporations Act 2001

CHAPTER 2B - BASIC FEATURES OF A COMPANY  

PART 2B.8 - MUTUAL CAPITAL INSTRUMENTS (MCIs)  

Division 2 - MCI mutual entities and MCIs  

SECTION 167AC  

167AC   MEANING OF MCI MUTUAL ENTITY  

A mutual entity is an MCI mutual entity if:

(a)    the entity is a public company; and

(b)    

the entity does not have voting shares (other than MCIs) quoted on a declared financial market; and

(c)    the entity is not a registered entity within the meaning of the Australian Charities and Not-for-profits Commission Act 2012 ; and

(d)    the entity ' s constitution states that the entity is intended to be an MCI mutual entity for the purposes of this Act; and

(e)    the entity has issued one or more MCIs.