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.
View history note
Hide history noteA 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.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.