MCI amendment resolution
(1) An MCI amendment resolution is a resolution of the mutual entity to amend the entity’s constitution for one or more of the following purposes, and for no other purpose: (a) to include a statement that the entity is intended to be an MCI mutual entity for the purposes of this Act; (b) to provide for the entity to issue MCIs; (c) to provide for the rights and obligations attached to MCIs; (d) to make changes that are incidental or ancillary to the purpose in paragraph (a), (b) or (c). (2) An MCI amendment resolution must not result in the mutual entity ceasing to be a mutual entity.
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.
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