THE CORPORATIONS LAW

CHAPTER 11 - APPLICATION AND TRANSITIONAL PROVISIONS

PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW

Division 10A - Changes resulting from Schedule 5 to the Company Law Review Act 1998

SECTION 1448   SHARE CAPITAL-CALLS ON PARTLY-PAID SHARES  

1448     The liability of a shareholder for calls in respect of money unpaid on shares issued before commencement (whether on account of the par value of the shares or by way of premium) is not affected by the share ceasing to have a par value.