Commonwealth Consolidated Acts

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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 prescribed 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.

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