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Corporations Act 2001
246HApplication of this Part to MCI mutual entities that are companies limited by guarantee
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246H Application of this Part to MCI mutual entities that are companies limited by guarantee
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.