Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1340

                   Where unclaimed property is or includes shares in a body corporate, neither the Commonwealth nor ASIC is 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.