Section 260DA — Corporations Act 2001: Application of this Part to MCI mutual entities

(1) For the purposes of applying this Part to an MCI mutual entity: (a) a reference to a shareholder of the entity is taken to include a non-shareholder mutual member of the entity; and (b) the reference to all ordinary shareholders in paragraph 260B(1)(b) is taken to be a reference to all members of the entity. (2) To avoid doubt, this section does not have the effect of treating a non-shareholder mutual member’s membership of an MCI mutual entity as a share.