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 prescribed 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.


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