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 167AF   167AF   MCI REQUIREMENTS - OTHER REQUIREMENTS  


A share in a mutual entity meets the requirements in this section if the entity ' s constitution:


(a) provides that the share can only be issued as a fully paid share; and


(b) provides that dividends in respect of the share are non cumulative; and


(c) sets out the rights attached to the share with respect to participation in surplus assets and profits.


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