Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 167AE

MCI requirements--class rights

                   A share in a mutual entity meets the requirement in this section if the rights attached to the share can be varied or cancelled only by special resolution of the company and either:

                     (a)  by special resolution passed at a meeting of the class of members holding shares in the same class; or

                     (b)  with the written consent of members with at least 75% of the votes in the class.



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