Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 167AF

MCI requirements--other requirements

                   A share in a mutual entity meets the requirements in this section if the entity's constitution:

                     (a)  provides that the share can only be issued as a fully paid share; and

                     (b)  provides that dividends in respect of the share are non-cumulative; and

                     (c)  sets out the rights attached to the share with respect to participation in surplus assets and profits.



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