Section 167AC — Corporations Act 2001 (Cth)

Meaning of MCI mutual entity

A mutual entity is an MCI mutual entity if:

(a) the entity is a public company; and

(b) the entity does not have voting shares (other than MCIs) quoted on a declared financial market; and

(c) the entity is not a registered entity within the meaning of the Australian Charities and Not‑for‑profits Commission Act 2012; and

(d) the entity’s constitution states that the entity is intended to be an MCI mutual entity for the purposes of this Act; and

(e) the entity has issued one or more MCIs.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 167 — Issue of shares by company or holding company—company limited by guarantee changing to company limited by shares
s 167AA — Application of Part to company limited both by shares and by guarantee
s 167AB — Simplified outline of this Part
s 167AD — Meaning of MCI
s 167AE — MCI requirements—class rights
s 167AF — MCI requirements—other requirements

Research how courts apply s 167AC

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.

Try BriefBridge free