CORPORATIONS ACT 2001 - SECT 246H Application of this Part to MCI mutual entities that are companies limited by guarantee

CORPORATIONS ACT 2001 - SECT 246H

    For the purposes of applying this Part to an MCI mutual entity that is a company limited by guarantee, treat the entity:

  (a)   in relation to a person who holds MCIs in the entity--as a company with a share capital; and

  (b)   in relation to a non - shareholder mutual member--as a company without a share capital.