CTHIn ForceAct
Corporations Act 2001
167AFMCI requirements—other requirements
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167AF MCI requirements—other requirements
A share in a mutual entity meets the requirements in this section if the entity’s constitution: (a) provides that the share can only be issued as a fully paid share; and (b) provides that dividends in respect of the share are non‑cumulative; and (c) sets out the rights attached to the share with respect to participation in surplus assets and profits.