Statute
Section 254WA — Corporations Act 2001: Application of this Part to MCI mutual entities
Text of the provision Official document
(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.
Official source: Federal Register of Legislation
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