Section 254WA — Corporations Act 2001 (Cth)

Application of this Part to MCI mutual entities

(1) Section 254SA does not prevent an MCI mutual entity that is a company limited by guarantee paying a dividend in respect of an MCI.

(2) Without limiting section 254T, an MCI mutual entity must not pay a dividend unless the payment of the dividend is fair and reasonable to the entity’s members as a whole.

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 254U — Other provisions about paying dividends (replaceable rule—see section 135)
s 254V — When does the company incur a debt?
s 254W — Dividend rights
s 254X — Notice to ASIC of share issue
s 254Y — Notice to ASIC of share cancellation
s 256A — Purpose

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