Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 12
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TRANSFER OF REGISTRATION, DEREGISTRATION AND UNCLAIMED PROPERTY
PART 12-3
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UNCLAIMED PROPERTY
Division 551
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Unclaimed property
SECTION 551-10
551-10
REGISTRAR AND COMMONWEALTH NOT LIABLE TO PAY CALLS ON SHARES ETC.
If unclaimed property is or includes shares in a body corporate, the Registrar and the Commonwealth are not subject to any obligation: (a) to pay any calls; or (b) to make any contribution to the debts and liabilities of the body corporate; or (c) to discharge any other liability; or (d) to do any other act or thing;
If unclaimed property is or includes shares in a body corporate, the Registrar and the Commonwealth are not subject to any obligation: (a) to pay any calls; or (b) to make any contribution to the debts and liabilities of the body corporate; or (c) to discharge any other liability; or (d) to do any other act or thing;
in respect of the shares, whether the obligation arises before or after the shares become unclaimed property, but this section does not affect the right of a body corporate to forfeit a share.