Corporations Act 2001
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 GUARANTEEFor 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.
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