Corporations Act 2001

CHAPTER 2H - SHARES  

PART 2H.5 - DIVIDENDS  

SECTION 254WA   APPLICATION OF THIS PART TO MCI MUTUAL ENTITIES  

254WA(1)    
Section 254SA does not prevent an MCI mutual entity that is a company limited by guarantee paying a dividend in respect of an MCI.

254WA(2)    
Without limiting section 254T , an MCI mutual entity must not pay a dividend unless the payment of the dividend is fair and reasonable to the entity ' s members as a whole.

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