(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 prescribed financial market; and
(c) is not a registered entity within the meaning of the Australian Charities and Not-for-profits Commission Act 2012 .