Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 12 - TRANSFER OF REGISTRATION, DEREGISTRATION AND UNCLAIMED PROPERTY  

PART 12-3 - UNCLAIMED PROPERTY  

Division 551 - 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;

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.