Application of this Part to MCI mutual entities
(1) 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. (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.
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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