Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.6 - WINDING UP GENERALLY  

Note: This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6 .

 View history note

 Hide history note

Division 2 - Contributories  

SECTION 521  

521   PERSON CEASING TO BE A MEMBER A YEAR OR MORE BEFORE WINDING UP  
Subject to section 523, a past member need not contribute if he, she or it was a member at no time during the year ending on the day of the commencement of the winding up.