CORPORATIONS ACT 2001

CHAPTER 2J - TRANSACTIONS AFFECTING SHARE CAPITAL  

PART 2J.3 - FINANCIAL ASSISTANCE  

SECTION 260DA   APPLICATION OF THIS PART TO MCI MUTUAL ENTITIES  

260DA(1)  
For the purposes of applying this Part to an MCI mutual entity:


(a) a reference to a shareholder of the entity is taken to include a non-shareholder mutual member of the entity; and


(b) the reference to all ordinary shareholders in paragraph 260B(1)(b) is taken to be a reference to all members of the entity.

260DA(2)  
To avoid doubt, this section does not have the effect of treating a non-shareholder mutual member ' s membership of an MCI mutual entity as a share.


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