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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