Document ID: chunk:federal_register_of_legislation:C2025C00185:section:260da
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 260DA
Character Range: 931643–932224

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.

Part 2J.4—Interaction with general directors' duties