Corporations Act 2001

CHAPTER 2F - MEMBERS' RIGHTS AND REMEDIES  

PART 2F.2 - CLASS RIGHTS  

Note: This Part does not apply to the adoption or amendment of benefit fund rules or to consequential amendments to the rest of the company's constitution made under the Life Insurance Act 1995 , see Subdivision 2 of Division 4 of Part 2A of that Act.

SECTION 246H  

246H   APPLICATION OF THIS PART TO MCI MUTUAL ENTITIES THAT ARE COMPANIES LIMITED BY GUARANTEE  

For the purposes of applying this Part to an MCI mutual entity that is a company limited by guarantee, treat the entity:

(a) in relation to a person who holds MCIs in the entity - as a company with a share capital; and

(b) in relation to a non-shareholder mutual member - as a company without a share capital.