Treasury Laws Amendment (Mutual Reforms) Act 2019 (37 of 2019)
Schedule 2 Mutual capital instruments (MCIs)
Part 1 Amendment of the Corporations Act 2001
Corporations Act 2001
2 At the end of section 48
(6) Any shares in the first body that are MCIs, and any powers exercisable by a person by virtue of such shares, are to be disregarded.