Section 167AF — Corporations Act 2001 (Cth)

MCI requirements—other requirements

A share in a mutual entity meets the requirements in this section if the entity’s constitution:

(a) provides that the share can only be issued as a fully paid share; and

(b) provides that dividends in respect of the share are non‑cumulative; and

(c) sets out the rights attached to the share with respect to participation in surplus assets and profits.

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 167AC — Meaning of MCI mutual entity
s 167AD — Meaning of MCI
s 167AE — MCI requirements—class rights
s 167AG — MCIs must be cancelled before MCI mutual entity demutualises
s 167AH — Purpose and application of this Division
s 167AI — MCI amendment resolution

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