Corporations Act 2001
Note: This Chapter is modified for CCIVs: see Division 2 of Part 8B.4 .
View history note
Hide history noteNote: This Part does not apply to a CCIV: see section 1231L .
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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