Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 254WA

Application of this Part to MCI mutual entities

             (1)  Section 254SA does not prevent an MCI mutual entity that is a company limited by guarantee paying a dividend in respect of an CI.

             (2)  Without limiting section 254T, an MCI mutual entity must not pay a dividend unless the payment of the dividend is fair and reasonable to the entity's members as a whole.

Note:       This Part does not apply to a CCIV: see section 1230P.

   



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