Document ID: chunk:federal_register_of_legislation:C2019A00037:clause:2_260da
Version: federal_register_of_legislation:C2019A00037
Segment Type: clause
Provision Reference: sch 2 cl 260DA
Character Range: 14187–14712

260DA  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.