Corporations Regulations 2001

CHAPTER 12 - FINANCIAL SECTOR REFORM  

PART 12.8 - SHARES IN CERTAIN BODIES CORPORATE  

Division 2 - Member shares  

REGULATION 12.8.09   MEMBER SHARES - UNCLAIMED PROPERTY  

12.8.09(1)   [ Limitation]  

For clause 38 of Schedule 4 to the Act, section 1343 of the Act does not apply in relation to a member share of the body corporate.

12.8.09(2)   [ Provision in constitution]  

For clause 38 of Schedule 4 to the Act, the constitution of the body corporate may provide that if a member share is cancelled, and the value of the share is transferred, the value of the share is to be treated as unclaimed moneys held by the body corporate.