167AH
In forcePurpose and application of this Division
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 2BBasic features of a company
Part 2B.8Mutual capital instruments (MCIs)
Division 3Special procedure for amending constitution of mutual entity that proposes to issue MCIs
167AH Purpose and application of this Division
(1)
This Division sets out a special procedure for the constitution of a mutual entity to be amended to provide for the entity to issue MCIs.
(2)
This Division applies to a mutual entity that:
(a)
is a public company; and
(b)
does not have voting shares quoted on a declared financial market; and
(c)
is not a registered entity within the meaning of the Australian Charities and Not‑for‑profits Commission Act 2012.
This Act’s bill:Explanatory memorandumSecond reading speech
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