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Corporations Act 2001
167ACMeaning of MCI mutual entity
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167AC Meaning of MCI mutual entity
A mutual entity is an MCI mutual entity if: (a) the entity is a public company; and (b) the entity does not have voting shares (other than MCIs) quoted on a declared financial market; and (c) the entity is not a registered entity within the meaning of the Australian Charities and Not‑for‑profits Commission Act 2012; and (d) the entity’s constitution states that the entity is intended to be an MCI mutual entity for the purposes of this Act; and (e) the entity has issued one or more MCIs.