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