Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 523

                   If an unlimited company changes to a limited company under section 164, a past member who was a member at the time of the change is liable:

                     (a)  despite section 521; and

                     (b)  if no person who was a member at that time is a member at the commencement of the winding up--despite section 522;

to contribute in respect of the company's debts and liabilities contracted before that time.