Corporations Act 2001
A call on a share in a no liability company is not effective unless it is made payable at least 14 days after the call is made.254P(2) Notice of call.
(a) the amount of the call; and
(b) the day when it is payable; and
(c) the place for payment.
The notice must be sent by post. If the notice is not given, the call is not payable.254P(3) [ Forfeited shares]
A call does not have any effect on a forfeited share that is held by or in trust for the company under subsection 254Q(6). However, when the share is re-issued or sold by the company, the share may be credited as paid up to the amount determined by the company in accordance with its constitution or by resolution.